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Tribune News Network
Doha
Investments in Qatar's food industries 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, the report by Gulf Organisation for Industrial Consulting (GOIC) said.
The sector employed 5,783 people last year, accounting for 7.2 percent of the total 80,457-strong labour force in the manufacturing industry. The workforce increased from 3,132 to 5,783 between 2012 and 2016, at a combined annual growth rate (CAGR) of 13.1 percent.
The number of factories in the food sector increased 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. Of the 66 firms, those involved in the production of grain mill and bakery items, and soft drinks, packaged drinking water and other bottled beverages constituted the largest two groups, each accounting for 28.8 percent of the total.
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 comprising firms that processed and preserved meat, fish and their products were ranked first 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 the 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).
The beverages group was ranked first in terms of the strength of the labour force, accounting 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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21/08/2017
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