More than 100 Brazilian organisations, along with the Arab Brazilian Chamber of Commerce (ABCC), are showcasing their latest products and services at the ongoing Gulfood 2018, being held in Dubai, UAE.
Gulfood is among the world’s largest annual food trade show, and is being held from February 18 to February 22, at the Dubai World Trade Centre (DWTC).
The Brazilian organisations participating as exhibitors at the event aim to develop new regional and international business opportunities, said a statement.
ABCC has its own exhibition stand at the event which also houses five companies from the vast South American country, it said.
The five corporations are Almada Brazilian Spices; Nutrire; FIB Halal (Brazilian Federation for Halal Certification); Primo Logistics; and Ostinato – all of which, along with more than 100 Brazilian firms, have successfully taken their products and services to the global centre stage via the Gulfood platform. On its 23rd year, Gulfood welcomed over 5,000 exhibitors from all over the world, it added.
Rubens Hannun, president of ABCC, said: “Aside from putting the spotlight on eight primary market sectors, Gulfood also highlights a wave of new services and innovations that reflect changes in consumer demand.”
“Knowing the latest industry trends and developments through this prestigious event is the key to establishing an edge in the regional and global food markets. Beyond that, Gulfood serves as an interactive venue that will further strengthen Brazil’s ties with its Arab trade partners,” he said.
“The fact that more than 100 Brazilian companies, up from last year’s participants of a little over 90, are present in the event this year signals Brazil’s steadily rising interest in the flourishing Gulf market. It is also an indication of Gulfood’s importance and strategic role in the growth of their respective businesses,” he added.
“We are confident that we will reach our $1.2 billion sales target during and after the 2018 edition, exceeding the 2017 figure which stood at $1.1 billion,” concluded Hannun.
Brazilian exports to the Arab region have climbed significantly during 2016-2017. Within this period, ABCC recorded an 18.58 per cent increase to reach $9,908.58 billion in 2017 from $8,355.79 billion in the previous year.
Egypt has the highest growth rate at 43.32 per cent, followed by the UAE at 25.09 per cent and Kuwait at 14.43 per cent.
The top exported Brazilian products during 2016-2017 were meat, chicken, cereals, spices, coffee, and tea, sugar, dairy, eggs, honey, among others, it stated. – TradeArabia News Service