After previous successful OFI events, Oils & Fats International is delighted to announce that OFI Middle East 2011 will be returning to the InterContinental Citystars, Cairo, Egypt.
OFI Middle East 2011 will feature a cutting edge commercial/technical conference together with an exhibition showcasing the latest products and services from the worldwide oils and fats marketplace. The event will attract visitors from countries including Bahrain, Egypt, Greece, Iraq, Jordan, Lebanon, Qatar, Saudi Arabia, Turkey and the United Arab Emirates and will offer the local oils and fats industry a forum to build relationships and demonstrate their products and services to the Middle East and Gulf region.
The Market
The Middle East/North Africa region consumes some 6% of the global vegetable oil market but accounts for some 15% of global imports. With consumption of edible oils at around 7.1M tonnes/year, valued at approximately US$5.6bn, the sector is increasing on the back of rising GDP and a burgeoning population. The Middle East/North Africa region is dependent on imports of raw materials for oils and fats processing. Palm, soyabean and sunflower oils are the main oils consumed. In Egypt, with a population nearing 80M, up to 1.5M tonnes/year of vegetable oils are consumed.
