Tanmiah signs MoU with Brazilian firm to explore investment opportunities
The MoU is valid for two months, with an option for extension if mutually agreed. It aligns with Tanmiah's commitment to food security, self-sufficiency, and global partnerships.
The MoU lays the groundwork for collaboration in two key areas. First, Tanmiah aims to expand its further processing capacity and efficiency through investment. Second, the two companies plan to develop a Saudi-based global Halal brand by leveraging Saudi Halal standards and Vibra's cost-efficient production capabilities in Brazil.
This collaboration is expected to drive innovation, streamline supply chains, and expand Halal market reach.
Tanmiah stated that these efforts support its strategic vision for sustainable growth and leadership in the global food industry and are aligned with Saudi Arabia's Vision 2030, which aims to enhance national food security.
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Arab News
4 hours ago
- Arab News
New credit card rules redefine consumer protection in Saudi Arabia
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Arab News
9 hours ago
- Arab News
Reforms, incentives paving way for Saudi Arabia's rise as logistics hub
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Government support According to a December report by the General Authority for Statistics, the number of logistics facilities in Saudi Arabia has surged 267 percent since 2021. A separate report from Maersk in November projected the Kingdom's logistics market would hit $38.8 billion by 2026, growing at a compound annual rate of 5.85 percent. Carlomagno pointed to the broader transformation strategy being implemented by the government, particularly the development of logistics zones designed to lower costs, boost connectivity, and drive industrial expansion. 'Recent ZATCA regulatory reforms — notably around less-than-container load handling in seaports — are increasing operational efficiency and making logistics more accessible for small and medium enterprises,' he said. The Arthur D. 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In December, Saudi Transport and Logistics Minister Saleh Al-Jasser announced plans to increase the number of logistics zones from 22 to 59 by 2030. This includes 18 new zones, backed by investments exceeding SR10 billion ($2.66 billion). UNCTAD's 2024 report also highlighted Saudi Arabia's growing global role, noting a 231-point rise in the Liner Shipping Connectivity Index and the addition of 30 new maritime shipping lines. In August, Saudi Arabia approved an updated investment law to improve transparency and streamline the investor journey. It guarantees fair treatment, protects intellectual property rights, and enables seamless fund transfers. Leveraging geography and megaprojects Saudi Arabia's geographic location — at the crossroads of Asia, Africa, and Europe — positions it advantageously on the global logistics map, but Carlomagno said this natural strength has historically been underutilized. 'Targeted infrastructure investments — such as port automation, integrated rail and road links, and inland logistics zones — are now enabling the Kingdom to fully harness this potential and position itself as a global logistics hub,' he said. Martins noted that megacity developments are driving up logistics demand, not only during construction but throughout their operational lifespans. 'The construction and deployment periods require significant flows of goods and materials, while operational cities with resident populations create ongoing logistics needs. With expected continued population growth, demand for logistics services will only increase,' he said. Carlomagno pointed to NEOM's Oxagon as a prime example of logistics integration, describing it as 'being developed as a next-generation logistics hub.' He added that it will blend automated ports, AI-driven supply chains, and advanced manufacturing in a single maritime-logistics ecosystem. 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Arab News
9 hours ago
- Arab News
Jeddah by jet ski: How the Red Sea is powering Saudi Arabia's new tourism economy
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How the Red Sea coastline in Jeddah changed into a key hub for marine leisure activities Developments on hand are part of a larger coastal regeneration plan aimed at establishing Jeddah as a key gateway between the Red Sea and global destinations. According to Samir Imran, partner at Arthur D. Little Middle East, the Red Sea Global resort is expanding its eco-development along the Red Sea coast, focusing on regenerative tourism, coral reef preservation, and high-end hospitality, noting that resorts like Sheybarah, Six Senses, and Desert Rock are already open, with more set to launch soon. 'Modern Waterfront & Marinas: Jeddah's 4.2 km Corniche Waterfront was completely redeveloped and opened, providing parks, beaches, promenades and recreational facilities. Now named the Roshn Waterfront, this seaside promenade attracts over 55 million visitors each year who come to exercise and enjoy Red Sea views,' Imran said. He explained that the Jeddah Yacht Club & Marina, which opened in 2022, is Saudi Arabia's first luxury tourist marina, offering 101 deep-water berths, superyacht services, and positioning Jeddah as a key hub for the Kingdom's growing tourism sector. Similarly, PwC Middle East Partner and Global Tourism Industry Lead, Nicolas Mayer, elaborated on how Jeddah's Red Sea coast has become a top tourism destination, offering a mix of heritage, culture, and marine leisure that appeals to today's experience-driven travelers. 'There's also been rapid growth in nature-based activities. Snorkeling, fishing trips, and coral reef tours now feature alongside kayaking, bird watching, and excursions into the coastal wetlands. These options open the door to everything from a morning adventure to a multi-day itinerary,' Mayer said. 'What makes Jeddah special is how well all of this comes together. You can start your day in a historic district and end it on a jet ski or dining seaside. For many visitors, this mix of experiences is what makes Jeddah feel like a real destination, not just a single attraction,' he added. How the Saudi Vision 2030 is influencing the coastal renaissance in Jeddah Jeddah's marine luxury growth stems from the Kingdom's Vision 2030, which drives tourism, economic diversification, and quality of life, with the coastline showcasing these efforts. From Arthur D. Little's side, Imran explained that Saudi Arabia has introduced major regulatory reforms to boost marine tourism, including tourist e-visas, lifting the ban on foreign-flagged yachts, and establishing the Red Sea Authority to issue licenses and oversee the sector's growth. 'By establishing defined entry points with customs facilities and streamlining yacht permit procedures, the Kingdom eliminated longstanding barriers, making it more accessible and connected to the global community,' he said. The partner went on to say that under Vision 2030, the nation has heavily invested in the area's tourism infrastructure, including the Jeddah Central Project, backed by the Public Investment Fund, which is expected to feature a new waterfront, marina, beaches, and cultural landmarks by 2027. At the same time, the government is encouraging private-sector participation through regulatory reforms and incentives, leading to partnerships like Cruise Saudi and MSC Cruises, all aimed at transforming Jeddah into a global marine tourism hub. He added that the area's coastal transformation is fueling Saudi Arabia's tourism boom. As marine attractions grow, so does local spending and job creation, with Red Sea tourism expected to add SR85 billion to gross domestic product and create 210,000 jobs by 2030. 'In Jeddah, one can already see the impact in the hospitality sector: dozens of new restaurants, cafes, and boutique hotels have sprung up along the revitalized Corniche, employing Saudi youth and diversifying the local economy,' Imran said. He concluded by saying that marine sports in Jeddah are boosting local talent, with over 1,000 Saudis trained in 2024 for roles like dive instructors and marina managers. Vision 2030 has also enabled women to join the sector, competing in sailing and powerboat racing. These efforts are creating a cycle of stronger infrastructure, workforce inclusion, and rising tourism. Additionally, Vision 2030 has driven Jeddah's shift from standalone projects to integrated coastal destinations, fostering long-term tourism growth and job creation. 'In Jeddah, we're seeing a sharp rise in new job categories tied to the marine economy. Tour operators, diving instructors, marina staff, fishing guides, and jet ski rental businesses are expanding fast. Yacht chartering and high-end marine hospitality are growing too,' PwC's Mayer said. He continued to stress that upscale waterfront dining is boosting demand for a wide range of hospitality roles, supported by local training programs. Meanwhile, the 'Umrah Plus' trend is encouraging religious visitors to extend their stays for cultural and leisure experiences, creating new jobs and aligning with Vision 2030's goals of economic diversification and investment in people. The future development of Jeddah's marine Arthur D. Little's Imran noted that Jeddah's Red Sea coast is set to strengthen its position as a marine luxury hub, combining heritage with modern coastal appeal. With strong infrastructure already in place, experts are optimistic about continued rapid growth. 'The Al-Arbaeen Lagoon revival, with its new yacht marina and 4.4 km park, is actively under construction in 2025. These will add capacity for more boats and more visitors. Cruise tourism is also ramping up, Jeddah's port is now a home base for Red Sea cruises, introducing yet another stream of maritime tourists exploring the coast,' he said. 'We can expect tourist volumes in Jeddah to keep climbing as air connectivity improves and as word spreads about its Red Sea treasures,' the ADL partner added. Private and global investors are playing a bigger role in Jeddah's tourism growth, aiming to serve 19 million coastal visitors by 2030, many from the region, Imran clarified. He noted that experts view Jeddah's Red Sea location as ideal for year-round yachting, positioning it as a strong alternative to winter destinations such as the Caribbean or Dubai. From PwC's perspective, Mayer justified that the Red Sea Authority will ensure future growth stays sustainable and coordinated, while the city's active private sector helps drive innovation and preserve its unique character. 'We'll likely see growth in multi-day yacht itineraries that link Jeddah to quieter parts of the coast. Cruise tourism might also become a bigger part of the mix, especially as infrastructure improves. Water taxis, floating hotels, and digitally enhanced marine experiences, like virtual dive guides, could help the city appeal to younger travelers and tech-savvy tourists,' Mayer said. He added: 'Jeddah also benefits from its position as both a cultural capital and a transit hub for religious tourism. That makes it a natural gateway. Travelers might start their trip with Umrah or a visit to Al-Balad and then head to the coast for a few days of nature and leisure.'
