United Arab Emirates Food & Drink Q4 2018
In line with consumer sectors more broadly, we maintain a positive outlook for the UAE food and drink sector over ourfive-year forecast period to 2022. High and rising disposable incomes, coupled with increasing adoption of Westernisedconsumption patterns, means the UAE offers considerable growth opportunities, especially in food services and premiumcategories. Despite downside risks posed by new regulations, such as the imposition of a tax on tobacco and sugary drinks in late2017, and VAT in 2018, we believe the overall impact will be limited due to an affluent consumer base and relatively low retail pricesto begin with.
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