Almarai partners Ministry of Investment to advance food security

SAUDI ARABIA – Almarai has signed two strategic agreements with the Ministry of Investment and the Private Sector Partnership Program (Shareek) aimed to expand strategic projects, support the Kingdom’s food security ecosystem, and localize strategic food industries.

These partnerships are part of the national efforts to enable major investments and diversify the national economy in line with the objectives of Saudi Vision 2030.

The agreements were signed by Fawaz Aljasser, CEO of Almarai Company, Dr. Abdullah Al‑Dubaikhi, Assistant Minister of Investment, Acting CEO of Shareek Program.

These agreements aim to support the implementation of one of Almarai’s projects to establish a specialized facility for the production and processing of fish and a range of seafood products.

They will also strengthen public-private sector cooperation to enable strategic national projects, supporting the Kingdom’s drive to diversify the economy and enhance private sector participation in achieving development objectives.

This reflects Almarai’s leading role in advancing local food industries, particularly in the seafood segment.

“We are proud to strengthen our strategic partnership with the Ministry of Investment and the Shareek Program, which embodies an advanced model of public-private collaboration to enable impactful national investments.

“These agreements extend Almarai’s commitment to strengthening the Kingdom’s food security ecosystem by expanding and diversifying production and localizing supply chains.” Said H.H. Prince Naif Bin Sultan.

These partnerships contribute to achieving the targets of the national localization strategy, including localizing 85% of the food industries, supporting the national food security strategy, enhancing the efficiency of relevant value chains, and expanding the availability of seafood products in the local market.

It is worth noting that Almarai’s seafood sector is one of the strategic pillars supporting the Kingdom’s food security ecosystem. In this context, Almarai continues to implement its integrated strategy to diversify protein sources to include poultry, red meat, and seafood.

The signing ceremony was attended by H.H. Prince Naif Bin Sultan Bin Mohammed Bin Saud Al Kabeer, Chairman of Almarai Company, H.E. Eng. Abdulrahman Al Fadli, Minister of Environment, Water and Agriculture, H.E. Fahad Al Saif, Minister of Investment, and H.E. Dr. Hamad Al Alsheikh, Secretary of the Localization and Balance of Payments Committee.

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