The food and beverage (F&B) sector in the UAE is set to grow 36 per cent by the end of the year, according to an expert.

Quoting a report by the British firm KPMG, Youssef Jammal, a regional hospitality expert based in the UAE and head of hospitality and retail in ‘The H Holding Enterprise,’ said another 1,600 food and beverage outlets would be added by 2019 in Dubai.

“Food sales could grow to Dh38.5 billion ($10.4 billion) in 2015 from Dh28.3 billion in 2011, an increase of 36 per cent. Our hospitality outlets across the UAE have recorded unprecedented sales, exceeding our expectations for the first half of 2015,” said Jammal.

The company, which has operations in various investment sectors, currently runs several food and beverage as well as entertainment outlets, including Monte Carlo Stars, Cash, L Club, LUA plus others.

“Expansions in this vital and vibrant sector have been very rewarding. We have allocated higher budgets for expanding into new projects in Dubai’s F&B sector,” he added.

The H Holding has firm plans to incorporate diversified retail and hospitality services under one roof.

The company has been achieving new milestones driven by a highly enthusiastic and experienced team who is pursuing operations across various segments, including restaurants, lounges, real estate, event management and media production. - TradeArabia News Service