This marks the Fund’s first investment in the food sector
This marks EGF’s first investment in the food sector, representing a definitive step in the UAE’s mission to foster ‘National Champions’ and signaling a powerful vote of confidence in the scalability of the country’s premium, locally rooted F&B sector.
Since launching in 2018, CarniStore has emerged as a defining force in the UAE’s premium protein market, uniting heritage butchery expertise with a digital-first, consumer-driven approach.
Supercharge
EGF’s capital injection is designed to supercharge CarniStore’s industrial scaling and expansion into new verticals and products, driving the brand towards institutional readiness and broader regional penetration as a flagship of UAE premium food sector excellence.
“CarniStore exemplifies the entrepreneurial grit and quality standards we seek in homegrown companies with the potential to evolve into enduring national champions in their industries,” commented Khalifa Al Hajeri, CEO, Emirates Growth Fund (EGF).
Homegrown business
“We share a belief in building strong, homegrown businesses with a long-term vision and real foundations. From day one, our focus has been on raising the standard for quality proteins while supporting the UAE’s growing food community,” observed Fikry ‘Fix’ Boutros, Co-CEO & Co-Founder, CarniStore.
“EGF’s strategic backing allows us to scale CarniStore with real intention, growing our operations and developing new products while protecting the premium quality and service our customers rely on. It’s an important step forward and a reminder that a UAE-born brand can lead internationally, not simply participate,” added Daniel ‘Dan’ Wanies, Co-CEO & Co-Founder, CarniStore.
