A new plant-based meat production centre has been inaugurated in Abu Dhabi, and its products are set to arrive at UAE supermarkets in May.
The newly-built Switch Foods factory occupies 2,000 square metres at the Khalifa Industrial Zone in the capital, and can produce 1,000kg of plant-based meat per hour, or 8,000kg a day.
Aside from the high-tech production floor, the factory also has a science lab, an innovation lab and storage units for raw materials and final products.
The products, which will be available in supermarkets across the country next month, include kebab, soujuk, kofta, burger patties and minced meat. All of them are 100 per cent plant-based, mainly from peas.
The inauguration comes as meat alternatives win renewed popularity, with people becoming more health conscious.
Several international brands already have a presence in the UAE, such as the popular Beyond Meat, but Switch Foods prides itself on being home-grown.
According to Edward Hamod, the company's chief executive, having a local production line will address concerns about such products' typically high price points. Without revealing the pricing, he said their products are going to be “by far the cheapest”.
Aside from cost, faux meat has also struggled to completely win over the mainstream food scene amid concerns about texture and flavour. Some people have described it as feeling dry in the mouth and having an earthy aftertaste.
Hamod says Switch Foods worked initially with chefs from North America in the development phase but eventually enlisted regional chefs to capture the local flavour.
Scroll through the gallery below for more pictures of the Switch Foods factory in Abu Dhabi
“We worked on different projects with different chefs and restaurants,” he adds, saying they are launching further collaborations soon. In addition to its retail operations, the company also plans to sell meat products to such venues.
Earlier this year, Dubai saw the opening its first plant-based meat factory. Food producer Iffco opened Thryve at Dubai Industrial City in March.
The rise of flexitarians
Plant-based meat producers, even well-known restaurants such as Neat Burger, have a tempered approach when it comes to promoting their products. They don't expect to fully convert meat eaters, but they are big advocates of flexitarianism and a semi-vegetarian lifestyle.
“We want meat eaters to eat a bit less meat. We want them to switch a meal a week, or two per month, to plant-based,” says Hamod. He adds that flexitarians are an even bigger market for them than vegans.
“We live in the largest meat-consuming region in the world. We consume, on average, about 55kg of meat per capita,” he says, noting that the Food and Agriculture Organisation's recommendation is only 22kg.
Hamod argues that even the slightest change in meat consumption habits could have a huge difference, and it helps that there is already a “global movement” in this regard.
A YouGov study in 2021 showed that flexitarians form 13 per cent of the UK’s population and 12 per cent in the US. These numbers are projected to grow, aided by greater health and environmental awareness, as well as further product innovation in the plant-based meat industry.
In the region, Hamod thinks the plant-based meat market is “suffering because it's dependent on imports that don't meet the its taste requirements”.
He said Switch Foods has worked 12 to 16 months to perfect its current product line and make it as tasty for the UAE palate as possible. It plans to add more products soon.
Restaurants have been expressing interest in collaborating with Switch Foods and developing recipes using their meat alternatives, Hamod says.
“Us being local, having the ability to work with chefs and designing specific products for them is monumental,” he said. He points out that local production capacity circumvents supply chain disruptions, allowing restaurants to fully commit to incorporating meat alternatives in their menus.
“We are half an hour away from everybody in the UAE, and we produce a ton per hour, which is more than any restaurant can take,” he says.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
UAE currency: the story behind the money in your pockets
LIVERPOOL SQUAD
Alisson Becker, Virgil van Dijk, Georginio Wijnaldum, James Milner, Naby Keita, Roberto Firmino, Sadio Mane, Mohamed Salah, Joe Gomez, Adrian, Jordan Henderson, Alex Oxlade-Chamberlain, Adam Lallana, Andy Lonergan, Xherdan Shaqiri, Andy Robertson, Divock Origi, Curtis Jones, Trent Alexander-Arnold, Neco Williams
What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
The specs: Lamborghini Aventador SVJ
Price, base: Dh1,731,672
Engine: 6.5-litre V12
Gearbox: Seven-speed automatic
Power: 770hp @ 8,500rpm
Torque: 720Nm @ 6,750rpm
Fuel economy: 19.6L / 100km
'Nightmare Alley'
Director:Guillermo del Toro
Stars:Bradley Cooper, Cate Blanchett, Rooney Mara
Rating: 3/5
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
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Gender pay parity on track in the UAE
The UAE has a good record on gender pay parity, according to Mercer's Total Remuneration Study.
"In some of the lower levels of jobs women tend to be paid more than men, primarily because men are employed in blue collar jobs and women tend to be employed in white collar jobs which pay better," said Ted Raffoul, career products leader, Mena at Mercer. "I am yet to see a company in the UAE – particularly when you are looking at a blue chip multinationals or some of the bigger local companies – that actively discriminates when it comes to gender on pay."
Mr Raffoul said most gender issues are actually due to the cultural class, as the population is dominated by Asian and Arab cultures where men are generally expected to work and earn whereas women are meant to start a family.
"For that reason, we see a different gender gap. There are less women in senior roles because women tend to focus less on this but that’s not due to any companies having a policy penalising women for any reasons – it’s a cultural thing," he said.
As a result, Mr Raffoul said many companies in the UAE are coming up with benefit package programmes to help working mothers and the career development of women in general.
Like a Fading Shadow
Antonio Muñoz Molina
Translated from the Spanish by Camilo A. Ramirez
Tuskar Rock Press (pp. 310)
Company%20profile
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STAGE%201%20RESULTS
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EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
STAY%2C%20DAUGHTER
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Fourth-round clashes for British players
- Andy Murray (1) v Benoit Paire, Centre Court (not before 4pm)
- Johanna Konta (6) v Caroline Garcia (21), Court 1 (4pm)
The biog
Name: Younis Al Balooshi
Nationality: Emirati
Education: Doctorate degree in forensic medicine at the University of Bonn
Hobbies: Drawing and reading books about graphic design
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5