Andrey Dribny, chief executive of Iffco's culinary section, at the company's factory in Dubai Industrial City. Pawan Singh / The National
Andrey Dribny, chief executive of Iffco's culinary section, at the company's factory in Dubai Industrial City. Pawan Singh / The National
Andrey Dribny, chief executive of Iffco's culinary section, at the company's factory in Dubai Industrial City. Pawan Singh / The National
Andrey Dribny, chief executive of Iffco's culinary section, at the company's factory in Dubai Industrial City. Pawan Singh / The National

Plant-based shawarma, shish tawook and kofta made in UAE to go on sale soon


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Plant-based shawarmas, shish tawooks and koftas made in the UAE will soon be available on supermarket shelves.

The regional favourites, along with burgers and chicken nuggets, are being made in a new factory called “Thryve” at the sprawling Dubai Industrial City.

Iffco, the UAE food and beverage company that owns the facility, said it is the first plant-based meat factory in the GCC.

While the factory was formally opened on Friday, production has already commenced and the goods are expected to be on sale at Carrefour and Lulu in the next few weeks.

“The consumer trend is changing to a more sustainable, healthier and better diet,” said Andrey Dribny, chief executive of Iffco's culinary section, at the formal launch of the factory on Friday.

The science behind how the products are made, however, is a closely-guarded secret but involves mixing ingredients such as proteins, legumes such as fava beans and other components.

“[The science] is state of the art and hasn’t been introduced at a large scale yet but helps create texture which is difficult if you simply mix ingredients," said Mr Dribny.

About half of the ingredients are imported, with the other half sourced locally but the company’s ambition is to localise most of the ingredients.

“Our hero ingredient is the fava bean for all of our plant-based meat. Fava is very rich in nutrition.”

Some of the plant-based products from Thryve. Pawan Singh / The National
Some of the plant-based products from Thryve. Pawan Singh / The National

A batch of plant-based mince, for example, could be made in only a few hours.

And the price? While Mr Dribny would not disclose it at this stage, he suggested a 350 gram pack of mince will cost about 20 to 50 per cent more than an animal equivalent premium mince meat.

“We are targeting flexitarians,” he said, referring to a diet that includes more plant-based products but also some meat. "We want to emphasise this is plant-based and we are not trying to fool any consumers.”

Mariam Al Mheiri, Minister of Climate Change and Environment and Minister of State for Food Security, said the factory supports the UAE’s Food Security Strategy and its mandate to mitigate the impact of climate change.

"The opening of this innovative new facility also supports our efforts to protect the country’s ecosystems and enhance its food and water security and diversify our food sources," she said.

"By fostering such robust research and development focused on producing innovative food products, we seek to raise the UAE’s ability to move up the global food industry value chain and achieve first place on the Global Food Security Index by 2051.”

The innovation comes as the UAE seeks to bolster its food security by growing and producing more food locally. Blueberries, premium mushrooms and potatoes are all being grown in the UAE desert in everything from vertical farms to efficient greenhouses.

Globally the meat substitute market is big business. According to statistics from Ipes-Food (the International Panel of Experts on Sustainable Food Systems), the market is predicted to grow from about $4.2bn in sales in 2020 to $28bn in 2025. But the market share in the Middle East is smaller and, according to Mr Dribny, stands at about $15 million a year in the UAE.

"Average meat consumption is 70kg [per person] a year in this region," he said. "The recommendation is for 18kg.

“It is going to be a lot of work. But we believe consumers are ready,” said Mr Dribny, pointing to research his company did in Saudi Arabia showing that 70 per cent of people were ready to try these products. “Governments are also promoting this and getting the message across.”

Mr Dribny wants Thryve to reach five per cent of the regional market, and while the products have not yet gone on sale, he said the reaction from consumers at the UAE Gulf Food event in February was positive. And Thryve is aiming to expand into condiments and milk alternatives in the future.

"So far the reaction was overwhelming. We are quite happy.”

A look at Sharjah's wheat farm - in pictures

  • The wheat farm project in Mleiha, which was opened in November by Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, is getting ready to produce its first harvest. Chris Whiteoak / The National
    The wheat farm project in Mleiha, which was opened in November by Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, is getting ready to produce its first harvest. Chris Whiteoak / The National
  • Drone images show the vast green patches. The farm covers 400 hectares, about the size of 500 football pitches. Photo: Supplied
    Drone images show the vast green patches. The farm covers 400 hectares, about the size of 500 football pitches. Photo: Supplied
  • The irrigation system at the farm. Chris Whiteoak / The National
    The irrigation system at the farm. Chris Whiteoak / The National
  • Dr Khalifa Musabeh Ahmed Alteneiji, Chairman of the Department of Agriculture and Livestock, says the harvest should begin within weeks. Chris Whiteoak / The National
    Dr Khalifa Musabeh Ahmed Alteneiji, Chairman of the Department of Agriculture and Livestock, says the harvest should begin within weeks. Chris Whiteoak / The National
  • The crop has been grown without the use of pesticides, chemicals or genetically modified seeds. Chris Whiteoak / The National
    The crop has been grown without the use of pesticides, chemicals or genetically modified seeds. Chris Whiteoak / The National
  • The plan is to reach a total area of 1,900 hectares. Chris Whiteoak / The National
    The plan is to reach a total area of 1,900 hectares. Chris Whiteoak / The National
  • An on-site weather station can predict temperature, wind speed and humidity up to 48 hours ahead. If rain is forecast, the farm cuts down on irrigation. Chris Whiteoak / The National
    An on-site weather station can predict temperature, wind speed and humidity up to 48 hours ahead. If rain is forecast, the farm cuts down on irrigation. Chris Whiteoak / The National
  • The fields are irrigated using a reservoir with a capacity of 16,000 cubic metres. Chris Whiteoak / The National
    The fields are irrigated using a reservoir with a capacity of 16,000 cubic metres. Chris Whiteoak / The National
  • The irrigation system in action. Chris Whiteoak / The National
    The irrigation system in action. Chris Whiteoak / The National
  • In four months, the desert land has been transformed into a green oasis, ready to yield up to 1,700 tonnes of wheat. Chris Whiteoak / The National
    In four months, the desert land has been transformed into a green oasis, ready to yield up to 1,700 tonnes of wheat. Chris Whiteoak / The National
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

UAE currency: the story behind the money in your pockets
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%3Cp%3EAsked%20to%20rate%20Boris%20Johnson's%20leadership%20out%20of%2010%2C%20Mr%20Sunak%20awarded%20a%20full%2010%20for%20delivering%20Brexit%20%E2%80%94%20remarks%20that%20earned%20him%20his%20biggest%20round%20of%20applause%20of%20the%20night.%20%22My%20views%20are%20clear%2C%20when%20he%20was%20great%20he%20was%20great%20and%20it%20got%20to%20a%20point%20where%20we%20need%20to%20move%20forward.%20In%20delivering%20a%20solution%20to%20Brexit%20and%20winning%20an%20election%20that's%20a%2010%2F10%20-%20you've%20got%20to%20give%20the%20guy%20credit%20for%20that%2C%20no-one%20else%20could%20probably%20have%20done%20that.%22%3C%2Fp%3E%0A
BABYLON
%3Cp%3EDirector%3A%20Damien%20Chazelle%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Brad%20Pitt%2C%20Margot%20Robbie%2C%20Jean%20Smart%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Who has been sanctioned?

Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.

Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.

Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.

Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.

Updated: March 17, 2023, 4:32 PM