The Saudi food industry is attracting increased investment as part of a broader push to boost food security and reduce its reliance on imports.
DUBAI: Saudi food giant Almarai is set to invest SR6.6 billion to expand its poultry business that aims to double its market share in the sector, The expansion will be implemented in several phases over five years, the company said in a filing on Monday.
Tin, used in electronic circuits, automotive components and batteries, also hit its highest level since 2011, as the price doubled in the past year.
Bart Melek of TD Securities said the price of Brent crude “appears unstoppable” as the market is expecting demand to increase massively and stocks to be further reduced in the second half of the year.
Copper” — so called because its widespread use means it often offers an accurate diagnosis of the global economy — has grabbed headlines this week when it topped $10,000 a ton.
Abdullah Alyousef, CEO of ALIA ICT, one of the Kingdom’s fastest-growing information and communications technology firms, said the savings the minister outlined will increase investors’ confidence in the private sector and make them eye long-term investment opportunities in a more favorable way.
In his dialogue session, Al-Jadaan said the Kingdom’s private sector participation program will enable the private sector to undertake many public sector projects offered by the government.
Dr.
In the past, the public sector used to bear the expenses of everything but today it has engaged the private sector in this process, thanks to the Saudi leadership, who encouraged such a decision,” he said.
At the dialogue session, the chairman of the National Transformation Program Committee, Mohammed Al-Tuwaijri, said 10 government ministries harmonize on a daily basis around specific goals related to Vision 2030.
“With regard to higher education, currently we have five universities ranked among the 500 best universities worldwide according to various indicators.
In terms of subject matter, there has been a 61 percent increase in the take-up of business management courses in public universities, while the natural sciences, mathematics and statistics sector recorded a 55.9 percent increase in the number of students enrolling.
One of the key goals of Vision 2030 is to increase the number of Saudi nationals in the labor force and to facilitate this there has been a surge in the number of technical and vocational training facilities in the Kingdom.
Eighty percent of these are public facilities, but in the fee-paying private sector, the number of schools over the same time period has increased by 42.1 percent.
She is replacing Stefan Oschmann, 63, whose term ended after five years at the helm of the Darmstadt-based, family-owned group, which had never had a female chief executive in its 350-year history.
Garijo, who previously ran Sanofi’s European operations, joined Merck’s healthcare unit in 2011.