Fintech by HIPTHER’s Post

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

Nestlé Takes Bold Step in Saudi Arabia with New Manufacturing Plant in Jeddah. Nestlé is making a strategic move by establishing its first manufacturing plant in Jeddah’s Third Industrial City. This is a pivotal development for the Kingdom’s food security and local production capacity. Here are the key highlights: 🔹 Nestlé to invest SR270 million ($72M) in Jeddah 🔹 117,000 sq. meter facility set to open by 2025 🔹 Will produce 15,000 tonnes annually, focusing on children’s food 🔹 Hundreds of new jobs for local professionals and advanced production tech 🔹 Supports Saudi’s National Industrial Strategy, boosting exports and supply chains This move aligns with Saudi Arabia’s vision for food security, localization, and economic growth—creating incredible opportunities for businesses and the region! #SaudiVision2030 #KSA #Jeddah #FoodSecurity #LocalProduction #Manufacturing #BusinessStrategy #Entrepreneurship #IndustrialGrowth #RealEstate #Consultancy #Investment #shan

When it comes to Ramadan month, I immediately recollect Riyadh, Saudi Arabia. The city is covered with full of sand and palm trees. Not only KSA, but even Oman, Qatar, and UAE all have deserts, oil fields, and Mountains. On a work visit, for a leading retail giant of KSA. I visited the Dairy plant, Bakery, and poultry division.  At one point in time, people living in the Middle East were not getting fresh dairy products for consumption. A Saudi king wanted to set up a dairy plant in their home country after several trials. He successfully built a large-scale dairy farm with more than 20K cows producing fresh milk and every day nearly 8000 trucks supply this milk to the GCC countries and supply fresh juices, and bakery products for the entire Middle East.  When I visited the plant generally the summers would easily touch 50 degrees. But there the temperatures can be adjusted to 23 degrees. They have built huge farms in South America producing fodder and grass. These will be supplied to these dairy plants and excellently they were maintaining the dairy farms. If a man has a vision, he can build even desert into paradise. By the way, they have set up a Dairy Polytechnic and they were training their local youths. Key Learnings Never give up: People often say you will fail, you will not succeed. First, analyze the challenge find out your strengths, and work on your areas of improvement. Ultimately don’t give up your trials. Vision: No one would have thought of having a dairy farm in a desert, but the king was very clear in his vision and set up his dream vision. Patience: Initially there were a lot of struggles it happens to everyone even when an aircraft takes off in the air with full thrust and against gravity and air turbulence. It must set sail and fly smoothly so that it can reach its destination. #nevergiveup #vision

Jahez, the leading Saudi food delivery company, has reported its 2023 earnings, marking a significant (and expected) turnaround in its financial performance. Following a somewhat challenging year in 2022 with a 50 percent slump in profits, the company has rebounded strongly, with its bottom line soaring and profits surging to $33 million (SAR 125.34 million) for the year, representing an increase of 113 percent year-over-year. (The drop in net profit in 2022 was caused by non-recurring expenses on company's logistic segment). The company's revenue growth slowed down in 2023, rising by 11 percent year-over-year to reach $476 million (SAR 1784.76 million). This is a decrease from the 38 percent growth seen in 2022 and the 121 percent growth the year before. The slowdown is perhaps a function of company's expansion in size. Read more: https://lnkd.in/d-hazaru Mishal I. Al-Mishari, Heni Jallouli

Exciting news for food lovers in Pakistan! A Memorandum of Understanding (MoU) has been signed between Al Baik Food System Company and Gas and Oil Pakistan Ltd (GO) to explore the expansion of Saudi Arabia’s beloved fast food chain into Pakistan. This significant announcement coincides with the visit of Saudi Arabia’s Minister of Investment, marking a milestone in the growing collaboration between our nations across various sectors. Rami Abu Ghazaleh, CEO of Al Baik, emphasized that the company is analyzing local market preferences to tailor their offerings for Pakistani consumers. Stay tuned for more updates on this culinary venture! Here's What Happened: https://lnkd.in/dCY3Bv2t #AlBaik #Pakistan #SaudiArabia #FastFood #Expansion #MoU #CulinaryCollaboration #MarketAnalysis #FoodIndustry #GlobalBusiness

Did you know that the demand for cold chain logistics in Saudi Arabia is on the rise? With an increasing focus on food safety and quality, businesses are turning to reliable temperature-controlled warehousing and transportation. Aman Logistics can be your right cold chain logistics partner! 🚛❄️ #coldchain #logistics #saudiarabiabusiness #coldchainlogistics

The world of FMCG not just demands businesses to reach the consumer on time, but also to reach them with the right price. So as modern shoppers become more frugal, Diogo Victoria explains how Saudia Dairy & Foodstuff Company (SADAFCO) is serving the diversified Saudi market more dynamically with Retail Intelligence. Read the whole article here: https://lnkd.in/g5en4FnH

Some facts from the Saudi market: In the past year, Saudi Arabia has witnessed a surge in inflation. This has translated into an elevated perception of food prices, prompting more shoppers to seek cost savings and predominantly purchase essential items. Hyper Panda and Al Othaim are identified as the top stores with the perception of Lulu offering lower prices also gaining traction in 2023. In these situations, is when the great companies, paraphrasing Alex Edmans, who prioritize long-term management, generate value for society through its products and services (what they do), stand out as leaders in its business practices (how they do it). #foodforthoughts Image: Dan Saelinger 

Saudi Coffee Co. to Build Kingdom’s First Coffee Production Factory in Jazan. 🔹 Game-Changing Development: Saudi Coffee Co. secures approval to kickstart operations in Jazan, heralding the establishment of the Kingdom's inaugural coffee production facility. 🔹 State-of-the-Art Facility: With a sprawling area of 30,000 sq. m., the factory aims to produce and export Saudi coffee, bolstering local and global supply chains in alignment with Vision 2030 objectives. 🔹 Sustainable Agriculture: This milestone underscores the commitment to sustainability, as the factory seeks to elevate the coffee sector's sustainability and contribute to the growth of local coffee production. 🔹 Strategic Investment: Saudi Coffee Co. partners with the Royal Commission for Jubail and Yanbu, paving the way for a significant increase in Saudi coffee output from 300 to 2,500 tonnes annually by 2032. 🔹 Global Recognition: Saudi Coffee earns acclaim as "the world's finest," a testament to the relentless pursuit of quality and excellence in the Kingdom's coffee industry. 🔹 Economic Diversification: As part of Vision 2030, Saudi Coffee Co. plays a pivotal role in diversifying the economy, focusing on sustainable agriculture development and localization efforts in Jazan. 🔹 Environmental Impact: The company's ambitious plan to plant 10 million coffee trees in Jazan underscores its commitment to environmental stewardship and sustainable agriculture practices. #SaudiCoffee #Vision2030 #SustainableAgriculture #CoffeeProduction #JazanDevelopment

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