GCC?s beverage sector grows strong

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The Gulf region?s beverage industry is seeing a significant market expansion and increasing demand for its products, according to statistics released by the Gulf Organization for Industrial Consultations (GOIC).

As per the GOIC?s figures, the volume of investments in the beverages industry in the GCC amounted to $2.5 billion (Dh 9.1 billion) in 2010. The figures also suggest that the region?s beverages sector is growing steadily, making it more feasible for investors.

There are 231 beverage companies in the Gulf Cooperation Council (GCC) member states, half of them (48.9 per cent) in Saudi Arabia, followed by the UAE (27.3 per cent). Bahrain ranks third with 10.4 per cent and the comes Oman, Kuwait and Qatar with 7.8, three and 2.6 percent.

According to statistics, the GCC beverage imports have jumped from $711 million in 2006 to about $1.03 billion in 2008 and 2009 respectively.

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