Al Islami Foods forms joint venture with SME

DUBAI — Al Islami Foods, a leading provider of halal products has announced a joint venture with Mohammed Bin Rashid Establishment for the promotion of young business leaders in the UAE

By Manu Sharma

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Published: Wed 21 Feb 2007, 8:42 AM

Last updated: Sat 4 Apr 2015, 9:55 PM

In the three-phase programme, Al Islami will provide 100 Al Islami carts to retail fast foods at selected locations across the UAE. The food major will also provide entrepreneurs aged between 25 to 35 years the vital business and logistical support through its franchise model. It proposes to launch awareness through seminars and will provide free trade licensing, business consultancy, waiver of labour ministry charges, free kiosk registration and licensing and help in finding ideal business locations across the UAE.

Talking to Khaleej Times, Saleh Abdullah Lootah, CEO of Al Islami said, "Our establishment aims at grooming new entrepreneurs for the growth of the national economy. Following the success of Al Islami Foods, our business model will benefit young Emirati entrepreneurs to earn steady monthly cash flow, thus strengthening the local human capital, the private sector and the local economy in general."

Established in 2002, Mohammed Bin Rashid Establishment (SME) was launched by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, with the vision of infusing a spirit of excellence in UAE national entrepreneurs.

During the second and third phases that are spread over the next two years, the firm will extend the same benefits to other UAE residents followed by those in other GCC countries.

Al Islami Foods has established itself as a leading player in the region's processed food industry, employing the most advanced technologies in its operations, ensuring that the food items are prepared under the most stringent hygiene standards and offering high nutritive content. Al Islami Foods' reputed line of products includes fresh and frozen chicken, meat, seafood, vegetable and dairy products that are sold in over seven countries.

According to officials, the company has recorded a turnover of Dh170 million in 2006 from Dh160 million in 2005. It aims to touch Dh200 million in 2007, recording a 20-30 per cent growth. Company's turnover has been climbing at a robust pace year on year due to the international quality standards employed at Al Islami facilities. The Food Analysis Lab at Al Islami Foods production unit in Jebel Ali is approved by the UAE Ministry of Health.

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