logo
Al Barakah Dates Factory serves as a leading model for the growth and expansion of innovative food industries in Dubai

Al Barakah Dates Factory serves as a leading model for the growth and expansion of innovative food industries in Dubai

Zawya4 hours ago

Yousuf Saleem: Innovation, sustainability, product diversity, and quality are the key strengths that set us apart in global markets
UAE, Dubai – Dubai has successfully laid a strong foundation for the growth of a sustainable, competitive industrial sector that supports economic diversification. Today, it stands as a prime destination for major industrial investments, offering unique advantages — most notably a robust regulatory and legislative framework, encouraging government policies and incentives, and world-class logistics infrastructure that enables access to regional and global markets. Specialized industrial zones further provide an attractive environment for all types of industries.
Al Barakah Dates Factory LLC, operating under Al Barakah Foods Holdings Limited Group and located in Dubai Industrial City, part of the TECOM Group, exemplifies thriving investment in Dubai's industrial sector. Established in 1988, the factory has grown significantly to become the world's largest privately owned dates factory, with cutting edge innovation that continues to elevate the date product and date ingredient industries.
In a standout performance, Al Barakah Dates Factory exports to more than 90 countries from its base in Dubai. Its largest export markets include the United States, the European Union, the United Kingdom, India, Indonesia, and Bangladesh. Its global clientele features some of the world's leading food companies.
The factory has achieved remarkable success in growth and expansion, now covering 800,000 square feet — with 500,000 square feet dedicated to manufacturing and cooling — whilst continuously increasing its production volume to meet rising global demand.
Distinguishing Product Strengths
Yousuf Saleem, Managing Director of Al Barakah Dates Factory LLC, affirmed that alongside its ongoing operational growth, the factory has strengthened its position as one of the world's most prominent dates factories. It processes over 100,000 tons of dates annually, including more than 50,000 tons of locally grown dates from the UAE. With growing global demand for its products, the factory supplies major global players such as General Mills, Kraft Heinz, Mondelēz, and Nestlé.
He said: "We are proud of the image we present to the world in reflecting the strength of the UAE's national industries. We always keep in mind the important role we can play in supporting Dubai's vision of becoming a global hub for food innovation, sustainable manufacturing, and halal product exports. The success of Al Barakah Dates Factory — and its continued growth — is built on the unique incentives offered by Dubai to industrial investors, including the encouraging economic advantages, the high-value commercial impact of its industrial and logistics infrastructure, and the UAE's strong international trade relationships."
Innovation and Sustainability
Yousuf Saleem added that one of the factory's core strengths lies in its deeply rooted commitment to product innovation. Al Barakah Dates Factory produces a broad range of date-based products — including date paste, date syrup, date powder and sugar, chopped dates, date jam, date seed oil, and date fibers — all in high demand across global markets. It boasts high production capacity and internationally recognized quality, supported by numerous certifications such as BRCGS (Grade A), USDA & EU Organic, ESMA Halal, KLBD Kosher, and Sedex SMETA (four pillars).
These advantages position Al Barakah Dates Factory LLC as a benchmark for sustainable national food manufacturing. The factory was officially licensed by Expo 2020 to represent Emirati innovation in the dates sector, highlighting the high quality of UAE-made products.
The factory also leads globally in sustainability as the world's first solar-powered dates factory, featuring over 6,500 solar panels and reducing around 3,000 tons of CO₂ emissions annually.
Commitment to Social Responsibility
Al Barakah Dates Factory plays a key role in supporting humanitarian and charitable initiatives, reflecting a deep commitment to social responsibility and solidarity — core values of its corporate vision. The factory has made generous contributions to the 'One Billion Meals Endowment' initiative and is a key partner of the Mohammed bin Rashid Al Maktoum Global Initiatives Foundation. It also makes regular donations to UAE food banks and supports humanitarian campaigns during Ramadan. Additional contributions include support for Al Jalila Foundation, the Faraj Fund (Ministry of Interior), and the scholarship program at the American University of Sharjah.
The success story of Al Barakah Dates Factory highlights the strength of Dubai's pro-business economic environment and the competitive advantages it offers across sectors — enabling continuity, growth, and expansion. This is especially true for vital sectors prioritized in Dubai's strategic vision, such as industry and food, which hold enormous potential for growth and global reach, supported by the UAE's robust incentives to drive national export expansion.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

As US joins Israel-Iran conflict, gold seen testing $3,450; GCC stocks coming under pressure
As US joins Israel-Iran conflict, gold seen testing $3,450; GCC stocks coming under pressure

Khaleej Times

timean hour ago

  • Khaleej Times

As US joins Israel-Iran conflict, gold seen testing $3,450; GCC stocks coming under pressure

[Editor's Note: Follow our live blog for real-time updates on the latest developments in the Israel-Iran conflict.] Gold prices are expected to spike when markets open on Monday following the United States' entry into the Israel-Iran conflict, launching strikes on Iranian nuclear facilities. Analysts warn that UAE and other Gulf stock markets will likely come under pressure. However, the overall performance of commodities and equities will depend on how the conflict unfolds over the coming days. On Sunday, US President Donald Trump confirmed that American aircraft had struck three Iranian nuclear sites, marking a significant escalation in the Middle East. Gold prices closed at $3,368.09 per ounce on Friday, down 0.17 per cent. In Dubai, 24K and 22K gold ended the week at Dh406 and Dh376 per gram, respectively. 'Despite low liquidity, this move could be an early signal of how markets will react on Monday,' said Samer Hasn, senior market analyst at He stressed that commodity prices in the coming days will be shaped by how Iran responds to the US strike. Ahmad Assiri, research strategist at Pepperstone, added that heightened geopolitical tensions are reinforcing bullish sentiment for gold. 'I wouldn't be surprised if gold opens 1 to 1.5 per cent higher on Monday, potentially breaking above $3,400 and retesting last week's highs near $3,450,' he said. 'Further escalation or retaliation — especially if Iran or its proxies target strategic chokepoints like the Strait of Hormuz or the Strait of Mandeb — will likely keep gold well-supported at elevated levels.' UAE, GCC stocks While geopolitical risks will likely dampen short-term investor sentiment in the GCC, Assiri pointed out that rising oil prices could help offset the impact. 'Higher oil revenues often cycle back into local economies, supporting growth and softening the blow of geopolitical shocks. This acts as a natural hedge for GCC governments.' He also highlighted a divergence in market behavior across the region. 'The UAE market tends to align more with global trends, while the Saudi Tadawul Exchange is more responsive to local and geopolitical developments. When tensions rise, Saudi investors — many of whom keep significant liquidity on hand — often step in to buy, helping the market show surprising resilience.' He cited early April as an example when the Saudi market posted gains despite major tariff announcements. Samer Hasn warned that if rhetoric or actions targeting US bases in the region intensify, regional equities could face greater pressure, especially in countries more directly involved in or vulnerable to the conflict. Oil With the US now fully engaged, Ahmad Assiri said oil's baseline pricing has shifted to the mid-$80 range per barrel. 'We're moving from a regional conflict to a US-managed confrontation, which introduces a higher risk premium. There's also increased tail risk regarding the potential closure of the Strait of Hormuz. Even if Iran doesn't act, the perceived probability of disruption rising from 5 per cent to 15 per cent alone will create an upward premium in crude prices.' Brent and WTI crude closed the previous week at $77.01 and $73.84 per barrel, respectively. Prior to Israel's June 13 strike on Iran, Brent was trading below $70. Samer Hasn echoed expectations for an oil price rally. 'The escalation with direct US involvement is a significant turning point. If Iran retaliates by targeting oil infrastructure, it could trigger deeper US military involvement to prevent broader economic fallout,' he said. Hasn added that if such a scenario materializes, oil and gas prices may face sustained upward pressure, particularly around the Strait of Hormuz — a critical global shipping route. However, if no major developments occur soon, market attention may shift back to economic fundamentals.

Emirates, Etihad, other UAE airlines extend flight suspension after US strikes Iran
Emirates, Etihad, other UAE airlines extend flight suspension after US strikes Iran

Khaleej Times

timean hour ago

  • Khaleej Times

Emirates, Etihad, other UAE airlines extend flight suspension after US strikes Iran

[Editor's Note: Follow our live blog for real-time updates on the latest developments in the Israel-Iran conflict.] UAE airlines on Sunday announced an extension of flight suspensions to several regional destinations due to widespread airspace closures, following the United States' decision to join Israel in strikes on Iranian nuclear sites. Aviation experts warn that US involvement could escalate regional tensions, potentially leading to further disruption of air travel to destinations such as Syria, Iraq, Iran, Israel, Jordan, and others. In response, the UAE and other Gulf nations have voiced concern, urging restraint and de-escalation. Abu Dhabi-based Etihad Airways has suspended its flights to Tel Aviv until July 15 due to the ongoing military conflict. 'Guests transiting through Abu Dhabi on their way to cancelled destinations will not be accepted for travel from their point of origin. Affected passengers are being offered alternative travel arrangements,' said Etihad, the UAE's national airline. 'This remains a highly dynamic situation. Additional changes or disruptions — including sudden airspace closures — may occur at short notice. Etihad is closely monitoring developments in coordination with relevant authorities and is taking all necessary precautions,' the airline added. Separately, Etihad flight EY652 from Kuwait International Airport (KWI) to Abu Dhabi Zayed International Airport (AUH) was cancelled on Sunday due to a technical issue. Flydubai also announced the temporary suspension of flights to and from Iran, Iraq, Syria, Israel, and St. Petersburg until June 30, 2025. 'Passengers connecting through Dubai to any of the affected destinations will not be accepted for travel from their point of origin until further notice,' the airline said. It advised affected passengers to check rebooking options on its website and monitor their flight status regularly. 'Please note that some flights may also face delays or rerouting,' it added. Emirates, Dubai's flagship carrier, has temporarily suspended all flights to Iran (Tehran) and Iraq (Baghdad and Basra) until June 30, 2025. Sharjah-based budget carrier Air Arabia has also halted flights to and from Iran, Iraq, Russia, Armenia, Georgia, and Azerbaijan through the end of the month. Additionally, flights to Jordan are suspended until June 25, 2025, due to the ongoing regional tensions and airspace restrictions. 'Several other flights are being delayed or rerouted as a result. Passengers transiting through Sharjah or Abu Dhabi to any of the affected destinations will not be accepted for travel at their point of origin until further notice,' the airline said.

From GIFT to Singapore: How global hubs are shaping the new playbook
From GIFT to Singapore: How global hubs are shaping the new playbook

Khaleej Times

time3 hours ago

  • Khaleej Times

From GIFT to Singapore: How global hubs are shaping the new playbook

- Associate Partner, MICS Everyone has heard of the UAE's headline single digit nine per cent corporate tax rate. But what most people don't realise is that some of the world's biggest companies despite being based in high-tax jurisdictions, have consistently paid effective tax rates in the single digits, typically ranging from six to nine per cent. How is that even possible? One simple answer: Smart, strategic tax optimisation. So how did these companies structure themselves to achieve such outcomes? Is it still feasible in today's complex and constantly evolving global tax environment? And if so, how complicated is the playbook? Let's unfold the global tax game – and how building the right structure can be your winning move. Where it all begins: Structuring with purpose When companies set up operations, their primary considerations often revolve around ease of doing business, customer proximity, and market access. Surprisingly, tax is rarely the top factor at least initially. But not all functions in a company are tied to these operational dependencies. Some, like headquarters, treasury centres, intellectual property (IP) ownership, holding companies, and SPVs, can be located with greater flexibility. And when done right, these choices can be game-changers for both operational efficiency and tax savings. The big Fours: Holding companies, HQ, treasury, and IP Here's where strategy enters the game: • Holding company: Often used to centralise ownership of subsidiaries and assets, and to efficiently manage dividends, capital gains, and group-level financing. • Headquarters: Can be placed in jurisdictions that offer not only strategic access but also favourable tax regimes. • Treasury functions: Since these involve managing global cash flows and financing, tax and regulatory predictability matter more than physical proximity. • Intellectual Property (IP): IP holding companies are frequently located in countries that offer tax incentives on royalties and capital gains. Locating these functions in jurisdictions with stability, feasibility, predictability, and favorable tax treatment can significantly enhance the bottom line. Equally important are withholding tax (WHT) implications and the availability of double taxation avoidance agreements (DTAAs), which directly impact the tax efficiency of cross-border payments such as dividends, interest, and royalties. Jurisdictions with strong treaty networks often provide reduced or zero WHT rates, making them particularly attractive for housing holding companies, treasury hubs, and IP ownership. There are famous examples – Apple and Google, among others – who have reaped enormous tax benefits simply by strategically housing their IP in favourable jurisdictions. Top jurisdictions for strategic tax functions Each jurisdiction has carved its niche: • Singapore: A globally trusted IP hub offering attractive tax incentives for IP development and commercialisation. • GIFT City (India): Rapidly emerging as a preferred jurisdiction for treasury operations and regional headquarters due to its regulatory clarity and tax exemptions. • Ireland and Luxembourg: Historically favoured for IP and financing structures, though tightening global tax norms have nudged companies to reassess. • UAE: Supported by an extensive network of DTAAs and evolving tax infrastructure, it is gaining ground as a versatile base for several strategic functions. UAE: A strategic player in the evolving tax landscape With the introduction of its corporate tax regime in 2023, the UAE repositioned itself as a credible and competitive jurisdiction in the global tax planning ecosystem. Operating from a qualifying free zone can allow key functions – including HQ, treasury, holding companies, SPVs, and IP – to potentially benefit from a zero per cent corporate tax, subject to meeting substance and activity-based requirements. In addition, access to a growing network of DTAAs allows for potentially favorable withholding tax treatment, enhancing the efficiency of global structures. Rather than aiming to be a low-tax outlier, the UAE is adapting to global standards while still offering targeted advantages that businesses can leverage based on their specific needs. A final reflection In the modern tax environment, where compliance and optimisation must go hand in hand, no single jurisdiction offers a one-size-fits-all solution. Singapore continues to lead as a preferred jurisdiction at least of Asia, for IP and regional HQs due to its R&D incentives and robust legal framework. GIFT City is rapidly gaining ground with focused benefits for treasury operations and financial entities. Ireland and Luxembourg, while reassessing their frameworks post-BEPS, still retain relevance for certain financing and licensing models. The UAE, with its blend of flexibility, treaty access, and evolving infrastructure, is now a serious consideration for global tax planning. Ultimately, the winning move lies in aligning your operational footprint with a tax strategy tailored to your business's functions, risk profile, and growth vision.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store