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FOOD & BEVERAGES | Wholesale food distributors
chefmiddleeast.com

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Stage

Acq - Fin | Alive

About Chef Middle East

Chef Middle East is a specialist in importing and supplying fine quality foods to the hotel, food services, airline and ship chandling industries. The company sources perishable, dry, chilled and frozen items from various countries around the world and distributes the same in impeccable condition to a diverse client base in the Arabian Gulf region. A strong network in continental Europe, in particular, enables almost any food item on the European market to be obtained with relative ease.In July 2013, Chef Middle East was acquired by Gulf Capital from Vintage Holdings. The valuation of Chef Middle East was undisclosed. Other terms of the deal were not released.

Chef Middle East Headquarter Location

PO Box 26747

Dubai,

United Arab Emirates

+971 4 8159 888

Latest Chef Middle East News

Gulf Capital completes acquisition of Chef Middle East

Jul 2, 2013

The food & beverage market is estimated at over Dh6b in the UAE Published: 16:15 July 2, 2013 Staff Report share Rss Share on facebookShare on facebook Share on twitterShare on twitter Share on google_plusone_share Add on google plus Share on email Send Email to Friend More Sharing Services Addthis Abu Dhabi: Gulf Capital on Tuesday announced the acquisition from Vintage Holdings of 100 per cent of Chef Middle East LLC, an importer and distributor of high-end, specialty and fine food products from around the world. Chef was established in 1995 in Dubai as a regional supplier of the finest quality foods to the hotel, food services, casual dining and airline industries. The company represents some of the best high-end global brands and world-class customers from around the region. It boasts first-class operations and facilities, servicing more than 1,000 customers in the UAE, Qatar and Oman. Dr. Karim Al Solh, Chief Executive Officer of Gulf Capital said: “We are excited to be exposed to the thriving food and consumer sector in a growing niche through a highly reputable market leader, such as ‘Chef’. The strong underlying growth of the sector is driven by positive market fundamentals that continue to fuel the upward trend in the economy, including a booming population; growth in non‐oil sectors such as tourism, manufacturing, transport and logistics, and services; and an increase in consumer spending.” The Food & Beverage market is estimated at over Dh6 billion in the UAE at the moment, and forecasted to grow organically by 7 per cent to 10 per cent per annum, while it is estimated to be an Dh1.8 billion industry in Qatar and is forecasted to grow by 8 per cent to 10 per cent per annum. Tourist expenditure in the UAE is forecasted to grow at 11 per cent per annum in the same period while total tourist numbers are expected to grow at 8 per cent per annum. Private consumption is also high and is expected to grow by 13.6 per cent, 13.0 per cent, and 8.1 per cent in the UAE, Qatar and Oman respectively. share

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