;
Email: info@franchise.ae
 
Search Business Opportunities
May, 01 2018

Mitsubishi Buys Minor Stake of UAE based Al Islami Foods

The deal is expected to help grow Al Islami Foods in the HORECA (Hotel, Restaurant and Catering) and food service segment within the UAE.

Mitsubishi Buys Minor Stake of UAE based Al Islami Foods

UAE-based halal frozen food company, Al Islami Foods, has disclosed that Mitsubishi Corporation has acquired a minority stake.

The statement said the decision to partner with Mitsubishi Corporation followed a detailed study by the company into the necessary options for new product development and it will help increase the frozen food market share in the GCC and wider global markets.

The deal is expected to help grow Al Islami Foods in the HORECA (Hotel, Restaurant and Catering) and food service segment within the UAE.

It said the strategic investment will facilitate the company to obtain Mitsubishi’s well-established marketing in key international markets particularly in Asia.

Al Islami Foods is UAE’s second largest market share in the frozen meat products and it has embarked an ambitious plan to expand its operations.

The halal food industry at global level is worth more than $1.7 trillion by 2020.

Saleh Saeed Lootah, chairman of the BOD, Dubai Cooperative Society said, “This association with Mitsubishi Corporation is another step in Al Islami Foods ongoing efforts to accelerate growth.”

"Mitsubishi provides our company and brand tangible solutions to help with added production capacity that will help accommodate the growing demand for our products both locally and globally. We believe the relationship with Mitsubishi will increase our production by double-digit growth over the next 5 years through a combination of the expansion of our product range and greater exports.”

Comment
User
Email
Star
Address
Related opportunities
  • About:Mr. Chander Kamal Baljee, Managing Director of Royal Orchid Hotels..
    Locations looking for expansion -NA-
    Establishment year 1987
    Franchising Launch Date 2016
    Investment size USD 1,000,000+
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater East Delhi -NA-
  • Mobile & Communication/Internet Connections
    About: Cell Phone Repair (CPR), America's Largest chain of Cell Phone..
    Locations looking for expansion -NA-
    Establishment year 2004
    Franchising Launch Date 2017
    Investment size USD 50,000 - 100,000
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi -NA-
  • About:Established in 2012,Hot Fut Sports,a venture of Hot Fut Sports..
    Locations looking for expansion -NA-
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size USD 50,000 - 100,000
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater South Delhi -NA-
  • Gym99 is a unique and one-of-its-kind gym concept,introduced for the..
    Locations looking for expansion -NA-
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size USD 100,000 - 500,000
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi -NA-