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UAE imports projected to reach USD 382 million in 2008
Published:  29 July, 2008

UAE imports of seafood products are projected to reach USD 382 million in 2008, according to a recent study conducted by the Centre for Marketing Information and Advisory Services for Fishery Products in the Arab Region (UAE).

The figures reflect a growth trend that is at par with the current unprecedented growth of the global seafood industry and this augurs well for 'Sea Food Expo 2008', which is slated to run from October 27 - 29, 2008 at the Madinat Arena Conference Hall in Madinat Jumeriah Hotel. As the region's only dedicated seafood exhibition, it aims to provide a high impact platform and further fuel the industry's growth amidst global uptrend in export figures, which has seen a seven per cent increase to reach USD 92 billion in 2007.

With international seafood exports representing 38 percent of the 145 million metric ton-global seafood production, the UAE is getting ready to tap into this multibillion-dollar market by venturing into several aquaculture and fish farming projects. As one of the leading economies in the country, Dubai is aiming to establish itself as a seafood trading hub for the Middle East, leveraging its expansive fish market operations, which trade 10 to 15 tons of seafood daily. Sea Food Expo 2008 will present a prime opportunity for companies dealing with seafood to enter or expand their penetration into the thriving tourism and hospitality sectors in the Middle East, which is projected to bring close to 10 million tourists and affluent expatriates to the emirate by 2010.

"The booming population and economic progress of the Middle East is driving the seafood trade in the region, thereby opening up opportunities for global exporters to leverage the outstanding business therein," said Raees Ahmed, (Director), Orange Fairs & Events. "Much emphasis is being shone upon Dubai, which is rapidly emerging as a top destination for high quality seafood products. This led us to identify the emirate as the venue of 'Sea Food Expo 2008', which is aimed at providing a unique platform for regional and global seafood traders and buyers to expand their networks and initiate business with other companies."

www.fishupdate.com is published by Special Publications. Special Publications also publish Fish Farmer, the Fish Industry Yearbook, the Scottish Seafood Processors Federation Diary, the Fish Farmer Handbook and a range of wallplanners.


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