Industry News

Participate in the Mixology competition for innovation in preparing and mixing mocktails. Sponsored by Pepsi as part of the Foodex exhibition, the competition starts from 14 to 16 September 2022 at the Riyadh Exhibition…

Saudi ice cream manufacturer Arabian Food & Dairy Factories Co., known as Fadeco, saw its shares surge 30 percent on its stock market debut on Sunday.   Its shares jumped to SR92.3 ($24.6) as of 10:50 a.m. Saudi time to…

Buoyed by strong bilateral trade totaling $3.5 billion annually, Saudi Arabia and Spain look to play a key role in strengthening global tourism as both the countries continue to share strong business relationships.   As…

ACCIONA, the leading water contractor in Saudi Arabia, attended the Saudi-Spanish Investment forum in Riyadh on June 5th and reiterated its commitment to provide new sources of safe drinking water to increase the…

The Ministry of Investment of Saudi Arabia (MISA) hosted a Spanish investment forum attended by Minister of Environment, Water and Agriculture Abdulrahman Al Fadhli, Minister of Tourism Ahmed Al Khateeb, and Spain’s…

According to the report of the CNBC Arabia, the Saudi fast-food chain franchiser Alamar Foods Co. will offer 10.6 million ordinary shares, representing 42% of its capital, as it prepares to list on the Saudi Arabian…

The International Institute of Gastronomy, Culture, Arts and Tourism awarded the region of Asir with the title of World Region of Gastronomy 2024. Asir is the first non-European region to receive the accolade, which is…

Saudi Arabia and Indonesia agreed to promote stronger investment ties during Saudi Foreign Minister Prince Faisal bin Farhan’s visit to Jakarta.  The Kingdom is Indonesia’s largest trading partner in the Middle East and…

A bourse statement showed that Saudi ice cream manufacturer Arabian Food & Dairy Factories Co., known as Fadeco, will start trading its shares on the Kingdom’s stock market.   The Dammam-based company’s initial public…

According to a report by Trade Economic, Pakistan's exports to Saudi Arabia have been the best in last three years, with a record $489 million in 2019, $516 million in 2020, and $402 million 2021, with many items being…

Saudi Arabia discussed increasing its $3 billion deposit in Pakistan’s central bank to help support its foreign reserves “through term extension or otherwise,” according to a joint statement issued at the conclusion of…

Saudi Arabia and Pakistan considers a long-term investment strategy. The kingdom encouraged major Saudi companies to expand their business internationally and offering government help and resources through the National…

Alamar Foods Co. has received regulatory approval from the Capital Market Authority to proceed with an initial public offering for its 42 percent stake on Saudi Arabia’s stock exchange.   According to a bourse filing,…

A boom in sales in the dairy and food processing unit of 12.6 percent and in the agriculture unit by 32.7 percent boosted a 13.2 percent increase in overall revenue. Saudi Arabia’s National Agricultural Development Co.…

During the current year, the Ministry of Commerce issued 7,322 commercial records in the activities of restaurants and cafes, at a time when the Saudi market is witnessing a significant recovery in sector investments in…

Saudi previously announced plans to build 20 entertainment centres, including one 100,000 square-metre entertainment complex in Riyadh earlier this year.   The kingdom also recently revealed plans for a second mega…

Saudi Arabia is targeting to attract investments worth $20 billion in the food industry by 2035. The investment will be used to support the development of the food industry in the Kingdom, including the dairy, bakery,…

RIYADH — The total sales for restaurants and cafes sector in Saudi Arabia recorded a strong increase at the end of 2021, reaching SR62.65 billion, setting a highest historical record in the process, according to a study…

JEDDAH: With an eye on future food challenges, Saudi Arabia’s Ministry of Environment, Water and Agriculture is exploring the option of localized vertical-farming technologies, and has allocated $27 million to develop…

RIYADH: Crown Prince Mohammed bin Salman has launched the master development Downtown Jeddah project, formerly known as “New Jeddah Downtown”,  to develop 5.7 million square meters with a total investment of SR75…

RIYADH — The Saudi Society for Organic Agriculture signed on Thursday five memorandums of understanding (MoUs) with several private sector companies and cooperative societies.       Minister of Environment, Water and…

A high per capita income, growing health-conscious population, and increasing interest of women in milk consumption are a few factors that are expected to help maintain the industry’s growth at a CAGR of 11.62% during…

Saudi Arabia baby food market is projected to grow at a rate of 5.13% to achieve a market size of US$2,082.063 million in 2024. The market in Saudi Arabia is expected to propel at a fast pace during the forecast period…

Growing demand for home delivery and foodservice providers is expected to drive the market. Increasing health consciousness and growing rate of obesity among the Saudi Arabian population is challenging the market.…