SLG Group investing AED 200M to set up manufacturing facility in

Dubai Industrial City by 2025

Silver Line Gate Group, one of the top milk powder suppliers in the Middle East, is constructing a new manufacturing, warehouse and corporate offices facility at Dubai Industrial City. The new facility will span 1.37 million square feet and cost AED 200 Million. The new manufacturing base will use advanced technologies and fully automated machinery and equipment and will create over 300 jobs. The facility is expected to open in 2025 and will support the distribution of wholesale bakery products like butter, whey powder, and vegetable shortening to bakeries, restaurants, ice cream manufacturers, hotels, caterers and other users across the UAE.

Dubai Industrial City, which is part of TECOM Group’s portfolio of 10 business districts, is helping to strengthen the local food supply chain by attracting regional and global F&B brands to the UAE. It offers industryspecific infrastructure, industrial land, warehouses, workers’ accommodation, and open yards to support the complete manufacturing and distribution industry. The industrial hub provides customers with convenient access to key markets via an extensive transport network that includes land, air, sea, and soon Etihad Rail. The UAE’s success in developing a global-scale food production and distribution capacity is due to the country’s National Food Strategy 2051, which was first announced in November 2018 by Minister for Climate Change and Environment Mariam Almheiri. The company’s new facility will meet the demands of B2B and B2C customers across the GCC, African market and Southeast Asia, boosting foreign trade and supporting the Dubai Economic Agenda D33.

According to Mordor Intelligence, the Middle East and Africa dairy ingredients market is projected to grow at a CAGR of 5.7% between 2020 and 2025. The popularity of whey proteins, driven by a renewed focus on active lifestyles and fitness, and the growing use of infant milk formula contribute to greater demand for milk products.

Amazon Payment Services, launches re:Imagine Payments, a thought leadership forum

Amazon Payment Services, a leading digital payments provider in the Middle East and North Africa region, has launched a thought leadership forum re:Imagine Payments. The forum aims to help merchants and stakeholders in the digital payments space increase their knowledge through a series of engagements including roundtable discussions, webinars, and white papers.

The first publication from the forum, the white paper on What’s Next for Digital Payments in the Middle East and North Africa, was sponsored by Amazon Payment Services, while the research was conducted by Euromonitor International and Sixth Factor Consulting. The whitepaper provides insight into digital payment trends across the UAE, Saudi Arabia, and Egypt.

The white paper identified 14 of the fastest-growing industries in digital payments with a focus on the dynamics and drivers of these industries in the UAE, Saudi Arabia, and Egypt. The research shows that the overall digital payments market in the UAE is expected to increase at a CAGR of 18.3% between 2021-2023; 13.6% in Saudi Arabia and 19.6% in Egypt.

The research indicates that 89% of consumers in Saudi Arabia have used at least one new payment method in the past year, including options to buy now, pay later and person-to-person transfers. In Egypt, digital payments were found to promote financial inclusion with penetration of prepaid cards and mobile wallets approaching 40% of the adult population.