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Qatar Food Investments Witness A Growth Of 7.2 Percent

Photo: Gulf Times

Qatar food investments which stood at $308 million at the end of 2016, making up 0.4 percent of the $82.6-billion manufacturing industry, according to a report released on Sunday.

The total investments in the sector grew at a CAGR of 7.2 percent from $218 million in 2012. A total of 5783 people were employed by the sector last year, which accounted for 7.2 percent of the total 80,457-strong labour force in the manufacturing industry.

There was an increase in number of factories from 48 in 2012 to 66 in 2016, at a CAGR of 6.6 percent. This represented 8 percent of the total manufacturing factories in the country.

They are followed by companies involved in the manufacture of other food products (19.7 percent), the processing and preserving of meat, fish and their products (10.6 percent), the manufacture of dairy products (7.6 percent), and the processing and preserving of fruit and vegetables and the manufacture of vegetable/animal oils and fats (1.5 percent each).

The group which had firms that processed and preserved meat, fish and their products were listed on top in terms of investments, with a share of 29.2 percent of the total investments in the food sector in 2016. The group saw investments worth $90 million last year.

It was followed by beverages group with $76 million investments (24.5 percent), the food products group with $62 million (20.1 percent), the bakery products group with $35 million (11.3 percent), the dairy products group with $33 million (10.7 percent), the prepared animal feeds group with $8 million (2.7 percent), the fruit and vegetables group with $3 million (1.1 percent), and the oils and fats group (0.4 percent).

However, it was the beverages group that was ranked first in terms of the strength of the labour force, which accounted for 61.7 percent of the total workforce in the food industries in Qatar in 2016.

It is followed by bakery products group (12.1 percent), meat and fish group (9.1 percent), other food products group (8.4 percent), dairy products group (7.5 percent), prepared animal feeds group (0.6 percent), and oils and fats group (0.2 percent).

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