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  • Saudi Arabia: Retail Foods | USDA Foreign Agricultural Service

    U.S. exports of consumer-oriented food products to Saudi Arabia increased by approximately 11 percent in 2019 - to a record high of $588 million. Retail sales of packaged food in the kingdom were estimated at approximately 20 billion USD in 2019. The effects of Covid-19 strengthened the online and supermarket sectors. And online shopping is expected to remain an important grocery shopping method going forward. Hyper and supermarkets continue to expand due to increasing disposable income, a growing population, and the expansion of urban centers.

  • Nobel Peace Prize 2020: World Food Programme Wins for Work to Combat Hunger

    The World Food Programme was awarded the 2020 Nobel Peace Prize as the fight against hunger takes on greater urgency in a world shaped by conflict and the coronavirus pandemic. The organization is being honored “for its contribution to bettering conditions for peace in conflict-affected areas and for acting as a driving force in efforts to prevent the use of hunger as a weapon of war and conflict,” the Norwegian Nobel Committee said on Friday.

  • Saudi food company Almarai posts 7% third-quarter profit growth as revenues continue to rise

    “Notwithstanding the VAT % increase from 5% to 15% on 1st July 2020, top line grew in nearly all categories, led by Foods & Long Life Dairy by recording double digit growth. The only exception was Bakery category due to drop in singe serve range,” said Almarai a bourse filing on Sunday (Oct 4).

  • Saudi investor Prince Khaled bin Alwaleed bin Talal takes chunk of US synthetic pet food maker

    The vegan son of hotel tycoon Prince Alwaleed is investing for the second time in US-based Bond Pet Foods through his company KBW Ventures after participating in a $1.2 million seed funding round last year. It is the fourth cellular agriculture startup that KBW Ventures has invested in and comes as interest in synthetic proteins increases, in part because of global food security worries.

  • COVID-19 pandemic impact on Saudi Arabia’s food businesses

    Businesses in Saudi Arabia's food sector were impacted differently by the COVID-19 pandemic lockdowns and movement restrictions. Food manufacturers, such as Savola and Almarai, saw gains. Retailers such as supermarkets run by Abdullah Al Othaim and Saudi Marketing Co. also earned larger sales and profits. The foodservice and catering sectors were hit, with Herfy and Saudi Airlines Catering suffering losses.

  • Saudi Arabia: Retail Foods | USDA Foreign Agricultural Service

    The 36 delivery apps that are now in operation processed more than 12 million orders in more than 200 cities by the first week of June. Online shopping is expected to remain an important grocery shopping method going forward. Saudi packaged food retail sales in 2019 were estimated at approximately 20 billion USD.

  • New hatchery boosts Saudi Arabia’s ambitious seafood plan

    The Aqua Bridge project, which has a production capacity of three million juveniles – its eventual target is 10 million juveniles annually – is a key achievement in Saudi Arabia’s overall SAR 17.5 billion (USD 4.7 billion, EUR 4.1 billion) investment projects for the aquaculture sector, according to the Saudi General Investment Authority, the country’s investment promotion agency.

  • Saudi Arabia’s food security strategy overcame global supply crisis, says ministry

    He said that the Kingdom had also achieved unprecedented levels of self-sufficiency in many agricultural products such as dates, where it surpassed 125 percent, 60 percent in vegetables and poultry, 55 percent in fish, 116 percent in eggs, and 109 percent in milk.

  • First Jewish kosher service launches in UAE, making Gulf food history

    A member of the UAE’s Jewish community has made culinary history with the launch of the first kosher food service in the Gulf region. As prominent Jewish leaders from around the world arrived in the UAE for interfaith events during the official Year of Tolerance last year, they sought kosher meals - food that follows traditional Jewish dietary laws. Longtime Dubai resident Elli Kriel, who provided kosher food to Jewish travelers informally over the years, noticed an increase in requests in the run-up to the Year of Tolerance and saw an opportunity.

  • Saudi Arabia Increases Import Duty on some Food Products

    Examples of the increases include: tariffs for dairy spreads increasing from 5 percent currently to 15 percent, tariffs on some poultry products increasing from 20 percent currently to 25 percent, and tariffs on vegetables and sheep increasing from zero percent currently to 15 and 7 percent, respectively. Most of the increases are to Saudi Arabia’s bound tariff rate.