Posted on May 18, 2012 by John Burgess Saudi Arabia’s King Abdullah has been on the throne for seven years now. Saudi media is pretty busy writing up encomiums for the changes and developments he has pushed. One, particularly noteworthy, has been the expansion of the Grand Mosque in Mecca. Arab News reports that the most recent expansions [...]
The show has established Jeddah as the hub of the food, hotel and hospitality sector, and the Kingdom as a national showcase and forum where worldwide suppliers present their products and services,
Beef from the U.S. shipped on or after April 19 is not eligible for export to the country, the agency said today in a report on its website, without providing a reason for the ban.
The Saudi Food and Drug Authority is strengthening its oversight laboratories and offices with equipment and qualified personnel to enhance its presence in various exit and entry points to ensure the safety of food and drugs.
The council approved the scheme comprising 46 articles which included the definition of food, food additives, its safety, hygienic practices, food handling, set standards for food, environmental and health requirements and packaging.
“Lulu Sourcing and Logistics Center”, to be opened in the UK, will be an integral part of commitment to Britain, from where Lulu Hypermarkets of the Gulf have been importing products worth 24 million pounds annually. The Lulu’s center will be located in Birmingham.
With this move, Saudi Arabia is slowly beginning to make some moves towards diversifying out of oil, which is its only real exportable commodity – and towards solar power and sand-based polysilicon.
During their stay they spent over SR 7.7 bn. Also they made 741 domestic business trips during which they spent SR 876 million, said Eng. Tariq bin Abdul Rahman Al Essa, Director of Business Tourism Development Project at SCTA.
Chairman of Jeddah Chamber of Commerce, Sheikh Saleh Kamel revealed that the Sudanese government agreed to establish a free zone to be given to Saudi Arabia for cultivation. The area will be close to Port Sudan, to transport products easily across the Red Sea.
Despite the rise of fast-food joints, gourmet chefs aim to create a gourmet food culture. What will transform the country into a major international food scene are more culinary schools for developing chefs.
Most Islamic countries are being left behind in social progress as compared with other nations. There are essentially five reasons for this situation.
The growing number of coffee shops in Riyadh gives a different dimension to the city because as they are no longer simply a place for relaxation and comfort but offer facilities to discuss sports, culture, science, technical issues and finance. They sometimes solve some dilemmas of society.
Gulf Cooperation Council (GCC) governments are investing heavily in outside farmland acquisitions and leases, along with injecting money in domestic food production industry, to secure food supplies to the region and safeguard against market fluctuations.
The Saudi delegation’s plan is also to visit the meat exporting companies’ facilities in different Pakistani cities with an aim to award licenses to them and above all to sign a memorandum of understanding (MoU) with the state-owned Trade Development Authority of Pakistan (TDAP). The plan is to boost exports of a range of food commodities from Pakistan to Saudi Arabia, mainly meat, poultry and fish products.
Syed Rasheeduddin Ahmed, founder & President of Muslim Consumer Group For Food Products USA/Canada presented a paper on Processing Aid or Hidden Ingredients in Food Products & ingredients and their Halal status from US food industry point of view at First International Conference on Halal Food Control at Riyadh, Saudi Arabia.
Presenting his report to the HMC National Executive Committee, Shaykh Yunus said; “This was a
very important conference for the Muslim community around the world and we congratulate the Saudi Drug and Food Authority for an outstanding conference and wonderful hospitality.”
At the largest food trade fair in the Middle East, Gulfood, it was revealed that McDonald’s is expected to open 100 new outlets this year with a particular focus on the United Arab Emirates and Saudi Arabia. Currently, the Golden Arches has 833 restaurants in 17 markets in the Middle East and Africa – a growth rate of between 10 to 15 per cent every year.
Levant Capital, an investment firm focused on regional private equity investments and Citi Venture Capital International (CVCI) said they have jointly acquired a controlling stake in Saudi-based Al-Raya For Foodstuff Company for $100 million. The transaction presents an opportunity for Levant Capital and CVCI to capitalize on the growth in consumer-driven demand and the increasingly attractive middle income segment of the Gulf region’s largest economy.
Islamic Finance news – IFN Today, Wednesday, 23rd May 2012
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