Agthia Group PJSC’s Post

SAUDI ARABIA: Food Industry Surge 2024 The Saudi Authority for Industrial Cities and Technology Zones (Modon) reports a surge to 1,300 food factories, as part of the "Food Industry Localisation" initiative. This is expected to create numerous jobs in food manufacturing. Industrial Sector Growth In 2023, Saudi Arabia's industrial sector grew by 10%, with 1,379 new licenses and SR81 billion ($21.6 billion) in investments, leading to 1,058 new factories and a surge in recruitment. Riyadh's industrial boom, marked by new factories in key sectors, highlights Saudi Arabia's commitment to economic diversification and job creation. These developments make Riyadh a hub for innovation, sustainable manufacturing, and employment growth, supporting #Vision2030

With an annual growth of 4.51%, the dairy market in Saudi Arabia is on a path of robust growth. There is no right time than this to step in to start your own dairy business in Saudi Arabia. Follow for more insightful updates on business potential in Saudi Arabia. #SaudiArabia #SaudiCompanyFormation #Dairy #DairyBusiness

⏱️1 week to go before the Food Foward Summit at Saudi Food Manufacturing🇸🇦! 🪐If you are around, please join us and the FoodHack local team to discuss the future of food with our very own Muyiwa Akintoye to discuss #mycoprotein🍄 and #precisionfermentation🦠 -- planetary's proprietary BioBlocks™ platform is powering the bioeconomy and industrial fermentation scale-up to enable the transition towards a more sustainable future #precisionfermentation #alternativeproteins #fermentation #planetary #bioeconomy #bioblocks #synbio #syntheticbiology #biomanufacturing #fermentation #microbialfermentation #aerobicfermentation #foodtech #whitebiotech #industrialbiotech #bioprocessing #Agrifoodtech #liquidstatefermentation #fusariumvenenatum #fermentedfoods #mycoprotein #biomassfermentation #submergedfermentation #planetaryhealth

Private Sector Industrial Investments in Saudi Arabia Surge to $1.8 Billion. 🔹 Key Highlights: Private sector industrial investments in Saudi Arabia soared past SR7 billion ($1.8 billion) in Q1 2024, doubling from the same period last year. Report by MODON reveals a substantial increase in constructed factories and logistics contracts, signaling robust industrial growth. Jeddah Third Industrial City leads in contract issuance, followed by Al Kharj and Sudair Industrial Cities. Food industries secure the highest number of contracts, emphasizing the country’s commitment to localization initiatives. 🔹 Upcoming Event: Saudi Food Manufacturing Show, April 30 - May 2, at Riyadh Front, under the patronage of Minister Bandar Al-Khorayef. MODON to showcase products, services, and solutions for the food industry, aligning with its role in the National Industrial Development and Logistics Program. #SaudiArabia #IndustrialInvestments #MODON #SaudiFoodManufacturingShow #InvestmentOpportunities #IndustrialGrowth #Riyadh

Success in sales is often defined by the swiftness in the market. As Saudia Dairy & Foodstuff Company (SADAFCO) evolves with digital transformation, here are 5 ways we are leveraging the Bizom platform to match dynamic pricing with sustainable profits and remain ahead in the Saudi market.  #businesstransformation #digitaltransformation  

Saudi Arabia aims to localize 85% of the food industries by 2030, after the cost of imports of these industries in the Kingdom reached $18.6 billion annually. The Saudi Ministry of Industry and Mineral Resources previously announced that the volume of investment in the food products industry in Saudi Arabia amounts to more than 30 billion dollars. Food product factories in Saudi Arabia provide 155,898 jobs. #KSA #Saudi_Arabia #Riyadh #investment #Entrepreneurship_sector #Business_development

We are thrilled to announce that Raya, in collaboration with JMT Kuwait, has been awarded the digital transformation project at Kuwait Flour Mills and Bakeries(KFMB), a key pillar and one of the tributary of the food industry in the State of Kuwait. Raya and JMT have worked closely to design a state-of-the-art solution that will revolutionize KFMB's processes including streamlining data management, enhancing reporting capabilities, and ensuring adherence to the latest regulatory frameworks. This partnership not only solidifies Raya's presence in the Kuwaiti market but also marks a significant milestone in our commitment to innovation and excellence. We are proud to be at the forefront of digital transformation, empowering organizations to thrive in the evolving landscape. Here's to new beginnings, cutting-edge solutions, and a future of limitless possibilities! #RIS #RayaInnovation #DigitalTransformation #JMTKuwait #KFMBProject #NewBeginnings #InnovationExcellence #DigitalRevolution #DataManagement #ReportingCapabilities #RegulatoryFrameworks #KuwaitiMarket #PartnershipSuccess #EmpoweringOrganizations #LimitlessPossibilities #RayaITLOB

Saudi Arabia is one of the most attractive markets for FMCG (Fast-Moving Consumer Goods) companies in the Middle East, with a large and growing population, high disposable income, and a strong demand for quality products and services. However, the FMCG industry in Saudi Arabia is also facing many challenges and opportunities in 2024, as the market evolves and consumers become more sophisticated and demanding.

The Route to Market of Saudi Arabia demands more and more as the country is changing at high speed. Succeeding in Saudi requires every move to be an intelligent move. Let me share the 5 RTM Essentials in Saudia Dairy & Foodstuff Company (SADAFCO) that I'm leading using the power of Retail Intelligence of our RTM platform Bizom. #businesstransformation #digitaltransformation

Fantastic insight from Chris Dixon in #unipartconsultancy on Saudi Arabia’s Supply Chain Transformations. Get in touch to learn more about how we can support guide and partner with you. #KSA #unipartlogistics