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“Building a concept that works involves more than creating craveable dishes; it requires a keen business acumen, a deep understanding of your audience, and an unyielding dedication to delivering on the authenticity of the brand, day in and day out, consistently, no matter what.” Says Fay Economides, Executive Managing Director at M Management Company and Advisor to the UAE Restaurants Group. We invite you to share your perspective on Fay’s insights, below 👇 #UAERG #Quote #FayEconomides #Insights #FoodInsights #RestaurantInsights Fay Economides

As traditional food courts are evolving into dynamic food halls, how do we foresee this integration impacting consumer engagement and retail strategies in the market? Keane's session at the 2024 Retail Leaders Circle Summit provided transformative insights into the convergence of retail and food & beverage sectors. Read the session's key takeouts and explore how these innovative changes are set to redefine the shopping and dining experience in retail spaces. 👇

McARTHUR Retail Development Specialists is proud to share this article from our friend Stefan Breg, Managing Partner - Consulting at 𝐊𝐄𝐀𝐍𝐄. Along with Magdalene Sylvie Welch, KEANE's Senior Concept Development Manager, Stefan recently led panel discussions at the 𝐑𝐞𝐭𝐚𝐢𝐥 𝐋𝐞𝐚𝐝𝐞𝐫𝐬 𝐂𝐢𝐫𝐜𝐥𝐞 2024 𝐢𝐧 𝐑𝐢𝐲𝐚𝐝𝐡. The discussions highlighted the rise of food halls in Saudi Arabia, the strong entrepreneurial spirit with over 50% of Saudis planning to invest in F&B, and the rapid growth of the coffee sector. The panel emphasized a data-driven approach to optimizing F&B space for maximum efficiency. The success of local entrepreneurs like Rakan Aloraifi and Eman Fallatah, who are creating innovative, bespoke F&B concepts, was also showcased. Check out this article to understand the exciting changes in Saudi Arabia's food and beverage industry, along with useful tips on planning the best use of space for restaurants and cafes. It's a must-read for anyone interested in the future of dining in Saudi Arabia. 𝐂𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐥𝐢𝐧𝐤: https://lnkd.in/gRpkx8BW For more retail updates and stories follow our page: https://lnkd.in/gFcqfuYK #RetailUpdates #FoodandBeverage #RetailStrategy #RetailConsultant

I had the chance to interview #AlanSmith, the CEO of Agthia Group PJSC, a homegrown #UAE food & beverage company that has grown in strength, both regionally and globally over the past two decades. Speaking at #Gulfood, the CEO highlighted the strategic M&A activity the company has planned in the tech space, which will take Agthia further and faster into the future of F&B. Watch the video on the link below. https://lnkd.in/dVnuMFiz

McARTHUR Retail Development Specialists is proud to share this article from our friend Stefan Breg, Managing Partner - Consulting at 𝐊𝐄𝐀𝐍𝐄. Along with Magdalene Sylvie Welch, KEANE's Senior Concept Development Manager, Stefan recently led panel discussions at the 𝐑𝐞𝐭𝐚𝐢𝐥 𝐋𝐞𝐚𝐝𝐞𝐫𝐬 𝐂𝐢𝐫𝐜𝐥𝐞 2024 𝐢𝐧 𝐑𝐢𝐲𝐚𝐝𝐡. The discussions highlighted the rise of food halls in Saudi Arabia, the strong entrepreneurial spirit with over 50% of Saudis planning to invest in F&B, and the rapid growth of the coffee sector. The panel emphasized a data-driven approach to optimizing F&B space for maximum efficiency. The success of local entrepreneurs like Rakan Aloraifi and Eman Fallatah, who are creating innovative, bespoke F&B concepts, was also showcased. Check out this article to understand the exciting changes in Saudi Arabia's food and beverage industry, along with useful tips on planning the best use of space for restaurants and cafes. It's a must-read for anyone interested in the future of dining in Saudi Arabia. 𝐂𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐥𝐢𝐧𝐤: https://lnkd.in/gRpkx8BW For more retail updates and stories follow our page: https://lnkd.in/gFcqfuYK #RetailUpdates #FoodandBeverage #RetailStrategy #RetailConsultant

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

F&B on the agenda Retail Leaders Circle!   Magdalene Sylvie Welch and I recently led panel discussions at the Retail Leaders Circle in Riyadh and here are some fascinating future-facing insights on F&B in the Kingdom that we discussed: -          Food halls complement, unlikely to replace, successful food courts. -          Saudi entrepreneurs are driving a wave of new F&B concepts (shoutout to Eman fallatah & Rakan Aloraifi!). -          Coffee is experiencing a surge in the variety of offers, with a focus on innovation and local production (thanks to Phil Broad for his insights). -           Understanding future dining behaviour is key to optimising F&B space in developments.   Head over to the full article for a deeper dive into these trends and more!     https://lnkd.in/g5iWja_v   #SaudiArabia #F&B #Retail #Keane

Only 1 day to go until FFCC Riyadh 2024, powered by Foodics - see you all there tomorrow! Get ready for an inspiring day packed with insights and networking opportunities. From balancing geopolitical trends with profitability, to leveraging Vision 2030 for industry growth, and exploring AI integration for smart restaurants, this event has it all. Join us for a day of thought-provoking sessions and valuable connections! Get your tickets now and secure your spot for this unmissable event! Agenda Highlights: 11:00 - Welcome Address 11:10 - Balancing Geopolitical Trends with Restaurant Profitability and Offerings 11:25 - Global Insights on the Future of Hospitality with a Focus on Experience, Design and Technology 12:00 - The Vision 2030 Initiative - A Growth Catalyst for the Restaurant Industry 12:50 - Saudi Arabia - Restaurant and Foodservice Trends 15:30 - Creating Value: Aligning  your Offerings with Customer Expectations 16:25 - Frozen Fries Frenzy: Unveiling Global Growth and the Impact of Saudi Arabia’s Local Footprint 16:30 - Data is the New Cooking Oil: Using Technology to Drive Digital Growth 16:35 - Closing the Gap with Digital Solutions for the Food Supply Chain 16:35 - Masterclass in Delivery: Boosting your Restaurant’s Profit with Every Order 17:15 - What Makes Top Brands Stand Out in a Competitive Market? 17:20 - Fast, Efficient, and Connected: Driving Energy Efficient and Digital Innovation in Quick Service Restaurants 17:30 - Putting Brand Licensing on your Plate! 17:40 - Local SEO: The Sectret to Getting Found on Page 1 Google without Spending Millions on Google Ads 18:15 - Driving Efficiency and Customer Experiences in your Drive-Thru Services 18:55 - Smart Restaurants: Ways to Integrate AI into your Day-Day Operations #FFCC2024 #Riyadh #FoodIndustry #Networking #Innovation

The 29th edition of Gulfood, taking place at the Dubai World Trade Centre. A globally recognised business and investment platform with thousands of exhibitors and visitors attending every edition. Here are the reasons why attending Gulfood 2024 is a must: * Global Networking Opportunities. Gulfood attracts nearly 6,000 exhibitors from over 127 countries, making it a melting pot of cultures, ideas, and business opportunities * Discover the Latest Trends and Innovations. Educational Insights from Industry Leaders Gulfood 2024, offering valuable insights into market dynamics. * Interactive and Experiential Learning. Gulfood offers a host of interactive engagements and masterclasses. * Strategic Business Development. * Cultural and Culinary Exploration. * Investment in the Future. Gulfood 2024 in Dubai is more than just a trade show; it’s an event for anyone, offering a blend of business, education, and cultural experiences, it provides a platform for professional growth, market exploration, global networking, and opportunities that are not to be missed.

We are pleased to announce our latest publication on the F&B sector, offering industry insights and expert commentary on F&B in the region, including its financial outlook.    The UAE’s Food and Beverage (F&B) sector is projected to achieve revenues of USD 38.3 billion by the end of 2024. In particular, food tech is attracting government and investor attention, in alignment with the UAE’s National Strategy for Food Security.    In this edition, we also spoke with Khaled Fadly, CEO of Epik Foods the UAE and KSA-based F&B group, to learn about his journey from the corporate world to becoming a successful F&B entrepreneur.    Khaled shares his journey into the F&B sector and the challenges faced and successes achieved along the way. He also discusses key considerations for companies looking to expand internationally and outlines Epik Foods’ future plans.   Click the link below to read the interview, along with all the latest F&B sector insights.    For any questions or comments, please reach out to Salmaan Khawaja, Neha Julka, CFA, CBV, CMA (US), Colm Treston ACCA, Ehsen Khokher, CFA MRICS, Salim Husseini, or Andy Southall directly.   Read more: https://bit.ly/3YekMkl #GrantThornton #GTUAE #FoodSecurity #MergersAndAcquisitions #KSA #FoodandBeverage