Almarai Signs US$73.6M contracts at the Saudi International Marine Conference

SAUDI ARABIA – Almarai has announced the signing of five strategic contracts totalling (US$73.6 million) SAR 276 million, as it sponsored the fifth edition of the Saudi International Marine Exhibition and Conference (SIMEC), held in Riyadh. 

This move comes in line with Almarai’s plans to expand investments in seafood to diversify its offerings, establish new production facilities, and adopt new technologies to further enhance quality and meet customers’ expectations.

These agreements aim to establish industrial facilities and production lines at Almarai’s Seafood facilities in King Abdullah Economic City in Rabigh as part of the investment plan to expand in the seafood sector and accelerate access to local markets and consumers.

To strengthen its qualitative investments in the fisheries sector, expand its seafood product portfolio, increase product variety, establish industrial facilities, and adopt advanced technologies to enhance product quality and meet consumer expectations.

“Almarai’s participation in this important event and the strategic agreements we signed form part of our expansion plans in the seafood sector and our contribution to national objectives related to economic diversification and food security. This includes increasing the sector’s output and raising local seafood consumption to align with global benchmarks,” said Fawaz Al-Jasser, CEO of Almarai.

“These efforts also support the development of impactful strategic partnerships, reaffirming our firm commitment to innovation, the adoption of advanced technologies, enhanced operational efficiency, and sustainable long-term growth.”

The Saudi International Marine Exhibition and Conference serve as a specialized platform bringing together government and private sector entities involved in aquaculture, fisheries, and seafood.

The event aims to support and develop the sector while strengthening strategic partnerships. The event is backed by the Ministry of Environment, Water, and Agriculture and the National Livestock & Fisheries Development Program.

Seafood is one of Almarai’s protein categories, which represents one of the key strategic pillars of Saudi Arabia’s food security objectives.

In this context, Almarai continues to advance its comprehensive protein strategy that includes poultry, red meat, and seafood, aimed at enhancing domestic self-sufficiency, improving supply chain efficiency, and adopting the latest sustainable operational technologies.

Almarai’s expansion into the seafood sector forms a core component of this strategic direction, reaffirming the company’s commitment to delivering comprehensive nutrition solutions that meet consumer expectations.

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