Qatar records highest GCC increase in domestic food production during 2014-19: Alpen Capital
Gulf Times
Among the individual food categories, dairy products (53.0% share), vegetables (24.3% share), and meat (9.8% share) remained the most produced items as of 2019.
Qatar recorded the highest increase in domestic food production in the GCC in the five year period between 2014 and 2019, according to Alpen Capital.
The production of major food categories in Qatar increased at a compound annual growth rate (CAGR) of 15.2% between 2014 and 2019 to reach 376,896 tonnes, Alpen Capital said in its report on ‘GCC Food Industry’.
In 2019, Qatar invested $1.4bn in the food sector, a rise of 126% from $0.6bn in 2016, Alpen Capital said.
In terms of self-sufficiency, Qatar met 17.3% of its food requirements through domestic production in 2019, up from 12.6% in 2014.
