Almarai will invest almost $5bn in the next five years as it looks to expand into new sectors
food security saudi arabia
Latest in food security saudi arabia
Federation of Saudi Chambers
Saudi Arabia avoids onion crisis amid surging prices and supply issues
Saudi Arabia authorities move to reassure public over fears for onion crisis in the Kingdom
Climate-smart agriculture
Saudi Arabia partners with World Economic Forum to crowd-source transformative solutions for food security
The ‘Food Ecosystems and Arid Climates Challenge’ is a global call for food entrepreneurs, startups, social ventures, and SMEs to come up with solutions that incorporate low or high technologies or ancestral responses
acquisitions
SALIC acquires 9.2% stake in Indian food processing company LT Foods for SAR209 million
The latest equity investment follows SALIC’s earlier acquisition of 30 percent stake in Daawat, one of LT Foods’ rice processing subsidiary in Indi
food and agriculture business
Saudi-based Tanmiah announces 20% first-half profit growth, eyes expansion
Tanmiah plans to further expand its capacity to serve growing local and regional demand
Agriculture
Saudi’s SALIC makes first Australian farming acquisition
Saudi Agricultural and Livestock Investment Company buys 200,000 hectares in Western Australia’s wheat belt
domestic food production
Dubai and Riyadh remain food secure, despite challenges
A new report from Oliver Wyman said the UAE’s ability to purchase food on the international market, even at higher costs, keeps it food secure