AED 3.9 billion in Deals and Agreements closed at ADIFE 2023

Press Release Date: Abu Dhabi, UAE - 29 November 2023

The Abu Dhabi International Food Exhibition (ADIFE), held under the patronage of by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of Presidential Court, and Chairman of the Board of Directors of the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), organized by ADNEC Group in cooperation with Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), has seen the signing of deals worth over AED 3.9 billion combined over the course of the three day exhibition.

On Day Three of the exhibition, 33 deals and agreements were made to the value of 1.3 billion, further strengthening ADIFE’s position as a global hub for Business and Government Innovation in the Food & Beverage (F&B) Industry.

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) signed two co-operation agreements on the final day with the Chamber of Commerce & Industry of the Republic of Abkhazia and The Chamber of Commerce and Industry of the Kyrgyz Republic respectively, thereby further demonstrating the business benefits and partnerships formed between Governments at ADIFE.

Throughout the second edition of the Hosted Buyers Lounge, hosted buyers and sellers have continued to engage in business discussions and partnerships at the dedicated and exclusive venue, with 260 Hosted Buyers present on the final day of ADIFE. On the final day of ADIFE, a total of 3966 meetings took place, which further highlights ADIFE’s active role in bringing F&B buyers and sellers to Abu Dhabi and facilitating networking and business opportunities that led to a total deal discussion estimation of AED 135 million.

This year’s ADIFE has proven to be a major success for both buyers and sellers, with numerous deals and discussions taking place reflecting the growing importance of this sector on the local, regional and international levels. The exhibition continues to provide an opportunity for companies, from small and medium enterprises to large global corporations, to showcase the latest F&B offerings and explore business and investment opportunities that should help drive growth and open new markets.