DMCC handles 53 million kilos of tea/year
DMCC hosted the first day of its two day Global Dubai Tea Forum at The Address Dubai Marina, under the theme of “Brewing the Future of Trade” recently.
Representing all segments of the tea supply chain, more than 450 international delegates, a 39 per cent increase in attendance from the previous event, descended on Dubai for the event’s seventh edition, and to take part in expert analysis on the current state of the global tea industry, as well as debate the challenges set to define its future.
“DMCC is a market-maker, facilitator of trade, and a hub for the flow of commodities around the world, and through Dubai. The DMCC Tea Centre is internationally recognised as a centre of excellence for the industry and has helped secure the position of the United Arab Emirates as a valuable export route for the majority of the tea producing nations,” said Ahmed Bin Sulayem, Executive Chairman, DMCC.
“Our state-of-the-art Tea Centre handles 53 million kilos of tea annually, and we are confident our market share will remain consistent for the foreseeable future,” he added.
According to Euromonitor International, the Middle East and Africa region will account for 11 per cent of the total global retail value by 2022, growing at a five per cent rate over the same period of time. In the UAE alone, Euromonitor International estimates that the tea market will be worth US$ 70 million in 2018.