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Food Tech Summit Agenda 2022



Kingdom of Saudi Arabia – Investing in Vision 2030 and its big, bold and ambitious sustainability agenda through food production

09 Nov 2022
Gulfood Manufacturing

With a series of giga projects to diversify the economy beyond oil and gas to attract the world, a robust local food production eco-system is an untapped potential for F&B manufacturers

Saudi Arabia’s food and beverage (F&B) market is the largest in the Middle East with market value of $42 billion and will expand at a pace of 3% and has set an 85% food processing localization target by 2030. In 2019, imports exceeded $20.4 billion, leaving an opportunity to serve the untapped local demand for dairy, meat and fruit products through significant import-substitution with local production. (Invest Saudi) $500Bn backed giga-projects like NEOM to produce over 600,000 tons of sustainable food to help achieve Saudi self-sufficiency

  • Saudi Arabia’s socio-economic transformation under Vision 2030 and emerging opportunities for food manufacturers towards sustainable food production and Saudi self-sufficiency goals
  • Lucrative investment opportunities in ingredients, food processing, fruits, dates, aquaculture, retail, exports and the $1.3 trillion global Halal industry 
  • Lean manufacturing and Industry 4.0 technologies to drive food sustainability in Saudi Arabia
Prince Waleed N. F. AlSaud, Founder and CEO - Mukatafa Company

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