Latest news with #TomsMathew
Arabian Business
26-02-2025
- Business
- Arabian Business
UAE's Spring Valley to build $50mn agro-commodity hub at JAFZA, targeting regional food security
Spring Valley, a home-grown agro-commodity supplier, will invest $50 million (AED 184 million) to develop a new distribution hub at Jebel Ali Free Zone (Jafza). The new facility, spanning more than 106,000 featuring advanced processing and storage capabilities, including consumer packaging, roasting and grinding operations, is aimed at supporting regional food security, the company said. Toms Mathew, Executive Director, Spring Valley Food Industries, said as a home-grown brand, the new hub in Jafza will strengthen the company's role in regional food security. 'Our strategic location next to a world-class port ensures efficient logistics, enhancing the UAE's position as a leading hub for essential food,' he said. Abdulla Al Hashmi, COO, Parks & Zones, DP World GCC, said with 80 per cent of the region's food supply being imported and global demand set to soar for two billion more people by 2050, ensuring food security is more critical than ever. 'We are pleased to welcome Spring Valley to Jafza at a time when Dubai plays a vital role as a hub for the UAE's food trade, handling 75 per cent of the nation's food and beverage imports,' he said. Jafza's growing F&B sector The first phase of the Spring Valley project is to be completed within two years, with the hub expected to process more than 65,000 metric tonnes of staple food ingredients such as pulses, spices and nuts, generating over AED 440 million in annual turnover once fully operational. The facility will operate with 100 per cent sustainable and carbon-neutral processing, featuring a solar power plant in line with Dubai's renewable energy goals. Jafza, a key driver of the UAE's food trade, continues to see robust growth, hosting over 770 F&B businesses operating within the zone, up 14 per cent year-on-year.
Zawya
24-02-2025
- Business
- Zawya
Spring Valley to establish agro-commodity hub at Jafza, driving regional food security
Spring Valley, a home-grown agro-commodity supplier, is investing AED184 million to develop a new distribution hub at Jebel Ali Free Zone (Jafza), supporting regional food security. Spanning more than 106,000 sq. ft, the facility will feature advanced processing and storage capabilities, including consumer packaging, roasting and grinding operations. The first phase will be completed within two years, with the hub expected to process more than 65,000 metric tonnes of staple food ingredients -- such as pulses, spices and nuts – generating over AED440 million in annual turnover once fully operational. Abdulla Al Hashmi, COO, Parks & Zones, DP World GCC, said, 'We are pleased to welcome Spring Valley to Jafza. With 80% of the region's food supply being imported and global demand set to soar for two billion more people by 2050, ensuring food security is more critical than ever. Dubai plays a vital role as a hub for the UAE's food trade, handling 75% of the nation's food and beverage imports. Jafza's dedicated F&B terminal, advanced logistics network, and vibrant business community continue to drive innovation, and we're committed to investing in solutions to secure the future of the global food supply.' The global agricultural commodity market is projected to grow from $220 billion in 2024 to $277 billion in 2028, driven by rising demand for healthier diets and a growing global population. Toms Mathew, Executive Director, Spring Valley Food Industries, said, 'As a home-grown brand, this new hub in Jafza strengthens our role in regional food security. Our strategic location next to a world-class port ensures efficient logistics, enhancing the UAE's position as a leading hub for essential food.' The facility will operate with 100% sustainable and carbon-neutral processing, featuring a solar power plant in line with Dubai's renewable energy goals. It will also adhere to the highest international food safety standards, with HACCP and BRCGS certifications. Jafza, a key driver of the UAE's food trade, continues to see robust growth, hosting over 770 F&B businesses operating within the zone, up 14% year-on-year. In 2023, its F&B sector facilitated trade worth AED23.2 billion, representing 26% of Dubai's total F&B trade value.
Trade Arabia
24-02-2025
- Business
- Trade Arabia
Spring Valley to set up agro-commodity hub in Jafza
Spring Valley, a home-grown agro-commodity supplier, is investing AED184 million ($50.1 million) to develop a new distribution hub at Jebel Ali Free Zone (Jafza), supporting regional food security. Spanning more than 106,000 sq ft, the facility will feature advanced processing and storage capabilities, including consumer packaging, roasting and grinding operations. The first phase will be completed within two years, with the hub expected to process more than 65,000 metric tonnes of staple food ingredients -- such as pulses, spices and nuts – generating over AED440 million in annual turnover once fully operational, said a statement. Abdulla Al Hashmi, COO, Parks & Zones, DP World GCC, said: 'We are pleased to welcome Spring Valley to Jafza. With 80% of the region's food supply being imported and global demand set to soar for two billion more people by 2050, ensuring food security is more critical than ever. Dubai plays a vital role as a hub for the UAE's food trade, handling 75% of the nation's food and beverage imports. Jafza's dedicated F&B terminal, advanced logistics network, and vibrant business community continue to drive innovation, and we're committed to investing in solutions to secure the future of the global food supply.' The global agricultural commodity market is projected to grow from $220 billion in 2024 to $277 billion in 2028, driven by rising demand for healthier diets and a growing global population. Toms Mathew, Executive Director, Spring Valley Food Industries, said: 'As a home-grown brand, this new hub in Jafza strengthens our role in regional food security. Our strategic location next to a world-class port ensures efficient logistics, enhancing the UAE's position as a leading hub for essential food.' The facility will operate with 100% sustainable and carbon-neutral processing, featuring a solar power plant in line with Dubai's renewable energy goals. It will also adhere to the highest international food safety standards, with HACCP and BRCGS certifications, it said.
Hi Dubai
24-02-2025
- Business
- Hi Dubai
Spring Valley Invests AED184 Million in Jafza Distribution Hub to Bolster Food Security
Spring Valley, a UAE-based agro-commodity supplier, is investing AED184 million to establish a state-of-the-art distribution hub at Jebel Ali Free Zone (Jafza). The facility, spanning over 106,000 square feet, will enhance food processing and storage capabilities, supporting regional food security efforts. The hub will feature advanced processing operations, including consumer packaging, roasting, and grinding. Its first phase is set for completion within two years, with full operations expected to process over 65,000 metric tonnes of staple food ingredients—such as pulses, spices, and nuts—generating an estimated AED440 million in annual turnover. Abdulla Al Hashmi, COO, Parks & Zones, DP World GCC, highlighted Dubai's pivotal role in the region's food trade, managing 75% of the UAE's food imports. 'With 80% of the region's food supply being imported and global demand expected to surge for two billion more people by 2050, food security is more critical than ever. Jafza's dedicated F&B terminal and advanced logistics network continue to drive innovation in securing the global food supply,' he said. The global agricultural commodity market is projected to grow from $220 billion in 2024 to $277 billion in 2028, driven by the increasing demand for healthier diets and a growing global population. Toms Mathew, Executive Director of Spring Valley Food Industries, emphasized the hub's strategic significance. 'Our location next to a world-class port ensures efficient logistics, strengthening the UAE's position as a regional food hub,' he noted. Committed to sustainability, the facility will operate with 100% carbon-neutral processing and feature a solar power plant in line with Dubai's renewable energy goals. It will also adhere to stringent international food safety standards, including HACCP and BRCGS certifications. Jafza remains a key player in the UAE's food trade sector, hosting over 770 F&B businesses—up 14% year-on-year. In 2023, its F&B sector facilitated trade worth AED23.2 billion, accounting for 26% of Dubai's total F&B trade value. News Source: Emirates News Agency
