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Gulf beverage market sees expansion

DBR Staff Writer Published 19 May 2011

Statistics released by the Gulf Organisation for Industrial Consultations (GOIC) has indicated that beverage industry in the Gulf region has been witnessing increase in product demand and market expansion.

The report said, of the 231 beverage companies in the Gulf Cooperation Council (GCC) member states, 48.9% are in Saudi Arabia, while the UAE shares 27.3% followed by Bahrain with 10.4% and Oman, Kuwait and Qatar share 7.8%, 3% and 2.6% respectively.

The report found, in 2010 Saudi Arabia invested $2.01bn to take a 77.7% share in the volume of investments in beverage industry, that was estimated to be $2.5bn (Dh9.1bn).

The UAE's share is 10.4% or $270m, while Kuwait's investment of $200mn gives it third position with 7.7% of the total Gulf investments.

Qatar ranks fourth in the investment ranking with $41m (1.6%), followed by Oman and Bahrain, $37m (1.4%) and $29m (1.1%) respectively.

The value of the GCC's beverage exports amounted to $381m in 2006, jumping to some $535m in 2007, and to $703m in 2008.
According to GOIC statistics GCC beverage imports jumped from $711m in 2006 to about $1.05bn and $1.03bn in 2008 and 2009 respectively.