Grant Thornton - UAE’s Post

As Future Food Forum 2024 opens tomorrow, this panel will discuss one of the most pressing questions in the GCC market: Competitors or Collaborators? The session starts at 2:15 PM—make sure you’re there. Panel Topic: Exploring GCC market dynamics—competitors or collaborators? Moderator: Alexander van 't Riet, Partner, LeNoble Management Consultancy Panelists: - Mohammed Al Shuhail, Executive Vice President of Food Service, Almarai - المراعي - Vidya Shah, Chief Commercial Officer, Abu Dhabi Food Hub - Andrés Ponce Olías, Managing Director, Tilda International (Ebro Foods Group) - Fethi Khiari, CEO, United Foods Company (PJSC) - Igor Marti, Vice President & General Manager, Halal Business Unit, BRF Don’t miss this engaging conversation—register today to be part of the GCC’s F&B future: https://lnkd.in/gSdsCwzV #futurefood2024 #futurefoodforum2024 #GCCmarket #FnBcollaboration #businessstrategy #registertoday

In the dynamic landscape of the MENA region’s economy, the Food and Beverage (F&B) sector stands out as a strong player. Among the Fortune 500 Arabia companies, 33 belong to the F&B industry, representing 6.6% of the total companies listed, and collectively generating a staggering total revenue of USD 26.8 billion (1.62% of the total revenue generated by the listed companies). Read the article here: https://lnkd.in/e-HzQx2q #Fortune500Arabia

Let's connect in #Dubai next week! I'll be attending Gulfood - The World’s Largest, Most Trusted F&B Sourcing Event to gain market insights and network with industry leaders. As a representative of the Polish F&B industry, I'm excited to discuss business opportunities and food trends in Eastern-Central Europe. Feel free to drop me an email if you're interested in connecting. Looking forward to meeting you there! #Gulfood #networking #foodindustry #businessopportunities #marketinsights #Poland #EasternEurope

Discover this week's top F&B updates in the Middle East. Read the latest issue of The Rundown now: https://buff.ly/4e90OwE #futurefoodforum #futurefood #foodindustry #foodtech #foodinnovation #fnb #middleeast #dubai #foodtrends #foodbusiness

Exploring the Food Industry in Kuwait: A Hub of Opportunities The food industry in Kuwait is a dynamic and rapidly growing sector, offering a wealth of opportunities for entrepreneurs and investors alike. Some insights on the economics, finance, and business prospects of this vibrant market: Economic Landscape: Kuwait’s food and beverage (F&B) industry is a significant contributor to the country’s economy. With a high per capita income and a growing population, the demand for diverse and high-quality food products is on the rise. The sector stands at $3.26 billion in 2024 which is expected to reach a market value of $4.9 billion by 2029, driven by a compound annual growth rate (CAGR) of 8.4%. Financial Insights: The Kuwaiti government has been proactive in supporting the F&B sector through various initiatives. Tax incentives, exemptions from customs duties, and investment promotion programs have been introduced to attract both local and international investors. The National Fund for Small and Medium Enterprise Development and the Kuwait Direct Investment Promotion Authority (KDIPA) are key players in fostering growth and innovation in the industry. Business Opportunities  Franchising: The fast-food segment is booming, with international brands l dominating the market. However, due to current Global disruption many local brands have established strong footprints in Kuwait Market. This is the right time to group your local brands of assets and exhibit in GCC market. Tourism: Increased investments in tourism are expected to boost the F&B sector. With plans to host 1 million tourists annually, the demand for quality eateries and diverse culinary experiences is set to rise. Innovation: There is a growing trend towards healthy and organic food options. Entrepreneurs can capitalize on this by introducing innovative products and services that cater to health-conscious consumers. Challenges and Future Outlook: While the industry is poised for growth, challenges such as supply chain disruptions and high operational costs need to be addressed. However, with the right strategies and government support, the future of Kuwait’s food industry looks promising. Big markets players like Alghanim Industries, Gastronomica, Al Sayer Franchising, Kout Food Group are continuously working on bringing innovation to the market to provide its customer the best experience and Quality. Source: Mordor Intelligence #Kuwait #FoodIndustry #BusinessOpportunities #Economics #Finance #Entrepreneurship

In recent years, The Cooperation Council for the Arab States of the Gulf (GCC) has become one of the most competitive and appealing markets for food and beverage products globally. Leading producers recognize the importance of understanding and navigating the local regulatory framework, where Halal standards play a crucial role. For Irish producers seeking to make their mark in the vibrant GCC F&B scene, Gulfood - The World’s Largest, Most Trusted F&B Sourcing Event 2024 stands out as the main meeting point. Teaming up with Bord Bia - The Irish Food Board, the Halal Trade and Marketing Centre presents a dedicated space for Irish F&B exporters eager to position themselves in this arena.    Mark your calendars for Monday, February 19th, from 01:30 pm to 02:30 pm, as we kick off Gulfood 2024 with a bespoke session dedicated to unraveling the complexities of the GCC's Halal Regulatory framework for F&B. This isn't just a warm-up; it's the cornerstone of success in this bustling market. Armed with insights from this session, Irish F&B producers can confidently navigate regulations and tantalize the palates of consumers, buyers, and distributors across the region. Dubai Integrated Economic Zones Authority Dubai Airport Freezone - DAFZ Dubai Chambers Dubai International Chamber Government of Ireland Department of Foreign Affairs, Ireland Department of Agriculture, Food and the Marine Enterprise Ireland Irish Business Network Dubai

Al Menu Secures $10.12 Million Funding for Growth Saudi Arabia-based Al-Menu Co., a food and beverage SaaS provider, has secured $10.12 million (38 million Saudi Riyals) in a funding round led by Al Majdiah Investment and other investors. Founded by Mamdoh Ali, Al Menu offers cloud-based operational solutions to restaurants and cafes, aiming to reduce management costs and boost workforce efficiency. The investment will fuel the company's expansion in the restaurant services sector, which has seen rapid growth. Al Menu plays a key role in developing this sector, aligning with Saudi Vision 2030 goals. Nasser Al Majid, CEO of Al Majdiah Investment, emphasized the importance of supporting this industry to enhance its efficiency, competitiveness, and investment attractiveness. Key Highlights: ⁍ Funding Amount: $10.12 million (38 million Saudi Riyals) ⁍ Investors: Al Majdiah Investment and other investors ⁍ Founded By: Mamdoh Ali ⁍ Founded In: 2022 ⁍ Sector: Restaurant and cafe operations ⁍ Objective: Support expansion in restaurant services, reduce operational costs, and increase workforce efficiency ⁍ Alignment: Contributes to Saudi Arabia’s Vision 2030 goals for the hospitality industry Leadership Perspectives: ❝Mamdoh Ali, CEO of Al Menu: “Our goal is to provide operational solutions that help thousands of restaurants and cafes reduce management costs while enhancing workforce efficiency. This funding will enable us to expand our services and contribute to the growth of a vital sector in the Kingdom.” ❝Nasser Al Majid, CEO of Al Majdiah Investment: “Investing in Al Menu reflects our commitment to strengthening the hospitality sector in Saudi Arabia. We aim to support innovative operational solutions that align with Vision 2030, enhancing the efficiency and investment appeal of this promising industry.” Implications for the Saudi F&B Sector: This funding round highlights the growing potential of SaaS solutions in the restaurant industry. Al Menu is poised to enhance operational efficiencies in Saudi Arabia's food and beverage sector, aligning with national goals for economic diversification and sectoral growth. #AlMenu #FundingRound #SaaS #RestaurantTech #FoodAndBeverage #SaudiArabia #Investment #Vision2030 #HospitalityIndustry #CloudSolutions #OperationalEfficiency #FundingNews #MENA #BreakingNews #Rasmal

EXCITING NEWS! SEALAND FOODSTUFF is thrilled to announce our participation in Foodex 2024 Riyadh from September 16-19, 2024! This premier event offers a unique opportunity to showcase your brand in one of the most dynamic food markets in the Middle East. Are you looking to expand your food business into the thriving Saudi market? Partner with us and benefit from our extensive experience and local market knowledge. 🔹 Who We Are: SEALAND FOODSTUFF specialises in sourcing and distributing high-quality food products across the Middle East. Our portfolio includes premium SEAFOOD ensuring top-notch quality for our clients. 🔹 Collaboration Opportunity: We invite food companies to collaborate with us before the exhibition. By partnering with us as your local distributor, we will help you navigate the Saudi market, establish your presence, and ensure your products reach the right customers. 🔹 Why Partner with Us: - Deep understanding of the Saudi market - Established distribution channels - Proven track record with successful partnerships You can secure your spot with us at the Sealand booth and have your brand showcased at Foodex 2024 Riyadh. Let’s discuss this exciting collaboration opportunity and how we can help your brand succeed in Saudi Arabia! 📅 Don’t miss out – schedule a meeting with us in advance by contacting sm@sealandksa.com. #Foodex2024 #FoodexRiyadh #FoodIndustry #FoodTrading #SaudiMarket #BrandExpansion #PartnershipOpportunities Looking forward to connecting with you!

Rising costs driving growth in the frozen food market? Discover how the top 5 players in the UAE are turning challenges into opportunities. Download our annual report now to uncover the key trends shaping the future of F&B: https://buff.ly/4ejs2B6 #uaefood #fnb #frozenfood #marketinsights #annualreport #foodindustry #foodtrends #uae #business #growth

The Saudi Authority for Industrial Cities and Technology Zones (MODON) has said the number of food factories operating in its cities around the Kingdom increased to about 1,300, which helps boost the capacity of the food industry and helps achieve the "Food Industry Localization" initiative, which aims to increase productivity and local production, and improve quality. The announcement came ahead of MODON’s participation as a strategic partner in the first edition of the Saudi Food Manufacturing Show, scheduled to be held between April 30 and May 2, 2024, at Riyadh Front under the patronage of Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef. At the show, MODON will present its products and services to food industries, and logistical and financial solutions designed for investors in the industrial sector, small and medium enterprises, and entrepreneurs to help them achieve the targets of the national industry strategy, all within the framework of the initiatives entrusted to MODON in the National Industrial Development and Logistics Program to achieve sustainable growth and maximize chain value, and to play a pivotal role in achieving food security and developing local content. The show will bring together 500 participants from all over the world, including ministers and other officials, major local and international companies, CEOs, investors, and specialists. It will feature discussion panels, workshops, and other accompanying events. It will constitute an important platform to showcase the most prominent services, products, and financial and logistical solutions for the food industries and supporting sectors such as hospitality, packaging, and raw materials for the food industries. The Kingdom of Saudi Arabia is the largest and fastest-growing market in the food and beverage sectors in the Middle East. #SaudiTimes #Saudi