IFFCO Group
| Type | Private |
|---|---|
| Industry | Fast-moving consumer goods |
| Founded | 1975 |
| Founder | Abdul Razak Allana |
| Headquarters | United Arab Emirates |
Area served | 100+ countries |
Key people | Abdul Wahab Al-Halabi (Executive Chairman) Feroz Allana (Supervisory Board); Irfan Allana (Supervisory Board); Shiraz Allana (Supervisory Board) |
| Products | Edible oils and fats; impulse foods; culinary ingredients; ice cream; agri-products; personal & home care; packaging |
| Brands | London Dairy; Tiffany; Noor; Rahma; Al Baker; Igloo; Hayat; Savannah |
Number of employees | 12,000+ (group-wide) |
| Website | iffco |
IFFCO Group is a privately held fast-moving consumer goods (FMCG) company based in the United Arab Emirates (UAE). Founded in 1975 by Indian entrepreneur Abdul Razak Allana, the group manufactures and markets food and non-food products across the Middle East and other regions.
History
[edit]IFFCO began operations in the UAE in 1975 and expanded into branded consumer goods during the 1980s and 1990s under the Allana family’s leadership.[1] In July 2006, Gulf News reported a US$275 million food production complex for IFFCO in Dubai Industrial City to produce brands such as Noor, London Dairy, Al Baker and Tiffany.[2]
In June 2010, a 500,000 m2 logistics area opened in Dubai Industrial City to support regional exports.[3]
In November 2022, IFFCO and DP World agreed to develop a 30,000 m2 edible oil packing plant in the BEZ Berbera Economic Zone Somaliland.[4]
In March 2023, THRYVE, described as the Middle East’s first 100% plant-based meat factory, opened in Dubai Industrial City.[5]
In June 2024, Italy’s export credit agency SACE announced an Islamic facility with IFFCO to support the Italian food and beverage value chain under SACE’s Push Strategy.[6]
On 3 May 2026 it was announced the company was to enter provisional liquidation, with a debt of $2 billion owed to creditors including HSBC.[7]
Operations
[edit]IFFCO has presence across multiple business lines, including agri-commodities, oils and fats, impulse foods, culinary, personal and home care, packaging solutions, sales and distribution, logistics, and foodservice.[8] For the out-of-home segment, the company highlights a foodservice unit branded as IFFCO Professional.[9]
Sustainability
[edit]IFFCO publishes environmental, social and governance (ESG) reports and has set a Sustainability Strategy 2030.[10] In December 2023, trade outlets reported the launch of a carbon-neutral olive oil under the Rahma brand.[11]
In 2024, Tetra Pak’s first Arabia Sustainability Report highlighted a water-recovery station at IFFCO’s Nabatat plant in Saudi Arabia that reportedly reuses up to 95% of water used in filling equipment.[12][13] Also in 2024, Noor Oil’s programme with the BEEAH Group to recycle used cooking oil into biodiesel was reported by ESG MENA.[14]
Notes
[edit]- Sometimes stylised as IFFCO or IFFCO Group of Companies; it is unrelated to India’s Indian Farmers Fertiliser Cooperative (IFFCO).
References
[edit]- ↑ "50 Indian Power List – 26. The Allana Family". Arabian Business. 2018. Retrieved 21 August 2025.
- ↑ Issac, J. (4 July 2006). "Dubai Industrial City to host $275m IFFCO plant". Gulf News. Retrieved 21 August 2025.
- ↑ "Dubai Industrial City opens 500,000 sqm logistics area". Zawya. 23 June 2010. Retrieved 21 August 2025.
- ↑ "IFFCO signs agreement with DP World to develop edible oil packing plant in Berbera Economic Zone, Somaliland". Emirates News Agency (WAM). 9 November 2022. Retrieved 21 August 2025.
- ↑ "First 100% plant-based meat factory in Middle East opens in Dubai". Emirates News Agency (WAM). 17 March 2023. Retrieved 21 August 2025.
- ↑ "Italy's SACE, UAE's IFFCO Group collaborate on first Islamic Facility under Push Programme". Zawya. 11 June 2024. Retrieved 21 August 2025.
- ↑ Parasie, Nicholas (May 2026). "Dubai food conglomerate IFFCO set to go into provisional liquidation". Financial Times. Retrieved 3 May 2026.
- ↑ "Brands you love". IFFCO Group. Retrieved 21 August 2025.
- ↑ "Justin Emmanuel Steinbach, CEO – IFFCO Professional, interview with Gulf Gourmet". IFFCO Group. 29 June 2024. Retrieved 21 August 2025.
- ↑ "ESG Report 2023" (PDF). IFFCO Group. 2024. Retrieved 21 August 2025.
- ↑ "IFFCO launches region's first carbon-neutral olive oil product by Rahma". Hotel & Catering News Middle East. 6 December 2023. Retrieved 21 August 2025.
- ↑ "Tetra Pak Launches First-Ever Arabia Sustainability Report". Tetra Pak. 16 September 2024. Retrieved 21 August 2025.
- ↑ "Tetra Pak unveils first Arabia Sustainability Report with emphasis on circular economy". Packaging MEA. 19 September 2024. Retrieved 21 August 2025.
- ↑ "Noor Oil partners with BEEAH to recycle used cooking oil into biodiesel". ESG MENA. 21 February 2024. Retrieved 21 August 2025.