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Petromin and Foton sign Four-Party MoU to establish joint commercial vehicle manufacturing plant in Saudi Arabia
Petromin and Foton sign Four-Party MoU to establish joint commercial vehicle manufacturing plant in Saudi Arabia

Saudi Gazette

time6 days ago

  • Automotive
  • Saudi Gazette

Petromin and Foton sign Four-Party MoU to establish joint commercial vehicle manufacturing plant in Saudi Arabia

As part of the Kingdom's Vision 2030 ongoing efforts to strengthen its industrial sector and localize high-value manufacturing, Petromin Corporation, Foton, the Ministry of Investment, and the National Industrial Development Center signed a four-party memorandum of understanding (MoU) to explore the establishment of an integrated commercial vehicle manufacturing plant in Saudi Arabia. The initiative aims to develop local capabilities in manufacturing and logistics, strengthen supply chains, and increase localization rates in the vehicle sector. The scope of production will include heavy-duty trucks, light-duty trucks, and buses. Amr Al-Dabbagh, Chairman and CEO of Al-Dabbagh Group, commented: "This step aligns with our ambitions to promote a diversified economy based on industry and technology. We take pride in this partnership with Foton, who are number 1 in the Chinese commercial vehicle market. This partnership acts as a strong catalyst to deliver high-quality commercial vehicles that meet market expectations and support achieving Vision 2030 objectives." Chang Rui, Chairman of BAIC Foton, added: "We are proud of our partnership with Petromin to localize commercial vehicle manufacturing. Through this collaboration, we aim to transfer advanced technology to the Saudi market and provide innovative and sustainable mobility solutions benefiting businesses and consumers alike." The project is backed by the Ministry of Industry and Mineral Resources, the Ministry of Investment, the National Industrial Development Center, the Saudi Industrial Development Fund, and the Local Content and Government Procurement Authority. It is expected to create job opportunities for national talent, support the growth of small and medium-sized enterprises, and contribute to the Kingdom's shift toward a sustainable, advanced industrial economy. With its rich history and expertise in the automotive industry, Petromin is a leading provider of comprehensive automotive solutions in the Middle East. The company is committed to fostering innovation within the community and ensuring customer satisfaction through high-quality products and the number 1 commercial vehicle manufacturer in China, has established a global presence in the industry. It focuses on producing high-quality commercial vehicles through strategic partnerships with leading industry manufacturers such as Daimler (Mercedes-Benz), ZF Transmission, Cummins Engines, and others. Its partnership with Petromin provides a unique opportunity to enhance its presence in the Saudi market, leveraging Petromin's local expertise and market presence.

Tanmiah Food Company Signs Two MOUs with Leading U.S. Companies During the Saudi-U.S. Investment Forum
Tanmiah Food Company Signs Two MOUs with Leading U.S. Companies During the Saudi-U.S. Investment Forum

Malaysian Reserve

time23-05-2025

  • Business
  • Malaysian Reserve

Tanmiah Food Company Signs Two MOUs with Leading U.S. Companies During the Saudi-U.S. Investment Forum

These partnerships aim to accelerate agri-food innovation, AI integration, and halal product development in support of Vision 2030 RIYADH, Saudi Arabia, May 23, 2025 /PRNewswire/ — Tanmiah Food Company ('Tanmiah', 'TFC' or the 'Company', 2281 on the Saudi Exchange), established in 1962, one of the Middle East's leading providers of fresh poultry, processed proteins, animal feed, health products and restaurants operator, was formally recognized for its transformative Memorandum of Understanding (MoUs) with Griffith Foods and Poulta Inc. during the Saudi-US Investment Forum in Riyadh yesterday. These strategic partnerships with U.S. companies reflect Tanmiah's ongoing commitment to collaborating with international partners and bringing global expertise into the Kingdom. They also underscore our focus on unlocking value across our integrated business units through automation, advanced R&D, and innovation with the aim of positioning Saudi Arabia as a global hub for halal products, ingredients, best-in-class practices, and cutting-edge agri-technologies. The MoU with Griffith Foods outlines plans to develop a dedicated production and R&D facility in Saudi Arabia for 100% halal food ingredients—including sauces, seasonings, and spice blends—tailored to the tastes of Saudi and regional consumers. The project will support local manufacturing and help position the Kingdom as a regional hub for halal ingredient production. As the halal industry increasingly emphasizes ethical sourcing, sustainability, and innovation, Tanmiah stands at the forefront of this transformation. By combining Tanmiah's strong market presence with Griffith Foods' global ingredients expertise, the collaboration aims to deliver healthy, locally developed, and globally competitive solutions that align with evolving consumer expectations in both domestic and export markets. The MoU with Poulta Inc., a U.S.-based agricultural technology company, to accelerate the digital transformation of Tanmiah's poultry production chain lays the foundation for automating Tanmiah's farms and facilities using advanced technologies ranging from the Internet of Things, big data, cloud computing and generative AI. The partnership will include the establishment of a joint venture to provide digital transformation services to the broader regional livestock businesses, as well as an R&D center in Saudi Arabia dedicated to agri-tech innovation. Through this collaboration, Tanmiah aims to enhance operational efficiency, reduce costs and carbon emissions, and promote smart resource management while adopting higher standards of animal welfare, better delivery of healthy halal food through data-driven decision-making and integrated automation across its business segments. Commenting on the recognition, His Excellency Amr Al-Dabbagh, Chairman of Tanmiah Food Company, stated: 'These strategic partnerships reflect our long-term vision to place Saudi Arabia at the heart of global halal food innovation. By joining forces with trusted international partners, we are creating a future where sustainable, healthy, halal food production, advanced technology, and local expertise collaborate to serve the region.' Zulfiqar Hamadani, Group CEO of Tanmiah Food Company, added: 'At Tanmiah, we see innovation and sustainability as inseparable. Through these agreements, we are accelerating our journey toward intelligent, data-driven operations that not only improve efficiency and animal welfare but also strengthen our ability to deliver high-quality, sustainable, healthy, halal food in line with the evolving consumer expectations.' These milestone agreements underscore Tanmiah's unwavering commitment to aligning with Saudi Vision 2030 by fostering innovation, enhancing local capabilities, and promoting global partnerships that drive economic diversification. As Tanmiah continues to scale its impact, the company remains dedicated to shaping the future of food—where technology, sustainability, and halal excellence converge to meet the needs of a growing global population. About Tanmiah Food Company Tanmiah Food Company, established in 1962, is one of the Middle East's leading providers of fresh poultry, processed proteins, animal feed and health products, and a restaurants operator. It is a publicly listed Company on the Saudi stock market. It is worth noting that Al-Dabbagh Holding Group Company is a partner and founding shareholder of Tanmiah Food Company. Tanmiah's fully integrated and highly efficient business model includes production, further processing, and distribution with products sold in Saudi Arabia, the UAE, Bahrain, Oman, Jordan, and Kuwait. As of 31 March 2025, Tanmiah operates 150 farms as well as seven hatcheries, four feed mills, and four primary processing plants, and, through its joint venture operations, it operates four further processing plants. Tanmiah distributes its products through a network of wholesalers, retailers, and food service outlets, as well as online directly to consumers. Sustainability is a core principle at Tanmiah, with initiatives including planting a million trees, using wastewater from its facilities, and turning waste products into fertilizer. For more information, visit Photo: View original content:

Tanmiah Food Company Signs Two MOUs with Leading U.S. Companies During the Saudi-U.S. Investment Forum
Tanmiah Food Company Signs Two MOUs with Leading U.S. Companies During the Saudi-U.S. Investment Forum

Yahoo

time23-05-2025

  • Business
  • Yahoo

Tanmiah Food Company Signs Two MOUs with Leading U.S. Companies During the Saudi-U.S. Investment Forum

These partnerships aim to accelerate agri-food innovation, AI integration, and halal product development in support of Vision 2030 RIYADH, Saudi Arabia, May 23, 2025 /PRNewswire/ -- Tanmiah Food Company ("Tanmiah", "TFC" or the "Company", 2281 on the Saudi Exchange), established in 1962, one of the Middle East's leading providers of fresh poultry, processed proteins, animal feed, health products and restaurants operator, was formally recognized for its transformative Memorandum of Understanding (MoUs) with Griffith Foods and Poulta Inc. during the Saudi-US Investment Forum in Riyadh yesterday. These strategic partnerships with U.S. companies reflect Tanmiah's ongoing commitment to collaborating with international partners and bringing global expertise into the Kingdom. They also underscore our focus on unlocking value across our integrated business units through automation, advanced R&D, and innovation with the aim of positioning Saudi Arabia as a global hub for halal products, ingredients, best-in-class practices, and cutting-edge agri-technologies. The MoU with Griffith Foods outlines plans to develop a dedicated production and R&D facility in Saudi Arabia for 100% halal food ingredients—including sauces, seasonings, and spice blends—tailored to the tastes of Saudi and regional consumers. The project will support local manufacturing and help position the Kingdom as a regional hub for halal ingredient production. As the halal industry increasingly emphasizes ethical sourcing, sustainability, and innovation, Tanmiah stands at the forefront of this transformation. By combining Tanmiah's strong market presence with Griffith Foods' global ingredients expertise, the collaboration aims to deliver healthy, locally developed, and globally competitive solutions that align with evolving consumer expectations in both domestic and export markets. The MoU with Poulta Inc., a U.S.-based agricultural technology company, to accelerate the digital transformation of Tanmiah's poultry production chain lays the foundation for automating Tanmiah's farms and facilities using advanced technologies ranging from the Internet of Things, big data, cloud computing and generative AI. The partnership will include the establishment of a joint venture to provide digital transformation services to the broader regional livestock businesses, as well as an R&D center in Saudi Arabia dedicated to agri-tech innovation. Through this collaboration, Tanmiah aims to enhance operational efficiency, reduce costs and carbon emissions, and promote smart resource management while adopting higher standards of animal welfare, better delivery of healthy halal food through data-driven decision-making and integrated automation across its business segments. Commenting on the recognition, His Excellency Amr Al-Dabbagh, Chairman of Tanmiah Food Company, stated: "These strategic partnerships reflect our long-term vision to place Saudi Arabia at the heart of global halal food innovation. By joining forces with trusted international partners, we are creating a future where sustainable, healthy, halal food production, advanced technology, and local expertise collaborate to serve the region." Zulfiqar Hamadani, Group CEO of Tanmiah Food Company, added: "At Tanmiah, we see innovation and sustainability as inseparable. Through these agreements, we are accelerating our journey toward intelligent, data-driven operations that not only improve efficiency and animal welfare but also strengthen our ability to deliver high-quality, sustainable, healthy, halal food in line with the evolving consumer expectations." These milestone agreements underscore Tanmiah's unwavering commitment to aligning with Saudi Vision 2030 by fostering innovation, enhancing local capabilities, and promoting global partnerships that drive economic diversification. As Tanmiah continues to scale its impact, the company remains dedicated to shaping the future of food—where technology, sustainability, and halal excellence converge to meet the needs of a growing global population. About Tanmiah Food Company Tanmiah Food Company, established in 1962, is one of the Middle East's leading providers of fresh poultry, processed proteins, animal feed and health products, and a restaurants operator. It is a publicly listed Company on the Saudi stock market. It is worth noting that Al-Dabbagh Holding Group Company is a partner and founding shareholder of Tanmiah Food Company. Tanmiah's fully integrated and highly efficient business model includes production, further processing, and distribution with products sold in Saudi Arabia, the UAE, Bahrain, Oman, Jordan, and Kuwait. As of 31 March 2025, Tanmiah operates 150 farms as well as seven hatcheries, four feed mills, and four primary processing plants, and, through its joint venture operations, it operates four further processing plants. Tanmiah distributes its products through a network of wholesalers, retailers, and food service outlets, as well as online directly to consumers. Sustainability is a core principle at Tanmiah, with initiatives including planting a million trees, using wastewater from its facilities, and turning waste products into fertilizer. For more information, visit Photo: View original content to download multimedia: SOURCE Tanmiah Food Company Sign in to access your portfolio

Tanmiah Food Company signs MoU with Griffith Foods to drive halal culinary excellence across the Middle East
Tanmiah Food Company signs MoU with Griffith Foods to drive halal culinary excellence across the Middle East

Zawya

time06-03-2025

  • Business
  • Zawya

Tanmiah Food Company signs MoU with Griffith Foods to drive halal culinary excellence across the Middle East

Riyadh, Saudi Arabi - Tanmiah Food Company ('Tanmiah', 'TFC' or the 'Company', 2281 on the Saudi Exchange), established in 1962, one of the Middle East's leading providers of fresh poultry, processed proteins, animal feed, health products and restaurants operator, today announced the signing of a Memorandum of Understanding (MoU) with Griffith Foods ('Griffith'), a global product development and production company specializing in customized food ingredient solutions. This collaboration will diversify Tanmiah Food Company product portfolio, expand regional distribution, and advance the Kingdom's Vision 2030 objectives of food security and self-sufficiency, in addition to driving sustainability across the supply chain. The collaboration sets the stage for a supply agreement aimed at strengthening product availability and supporting growth in targeted market segments. Both companies will engage in discussions to align key aspects of the contract, and innovative strategies that leverage Griffith Foods' expertise in food product development and ingredient systems and Tanmiah's strong regional market presence. In addition to the supply agreement, the two companies will explore the establishment of a joint venture in Saudi Arabia. This partnership will focus on expanding the market reach by identifying new growth opportunities and developing a comprehensive business strategy to enhance operations and product development capabilities. A key element of this initiative will be the establishment of a state-of-the-art R&D center in Saudi Arabia, dedicated to food innovation, product formulation and the development of healthier, more sustainable food solutions tailored to regional and global markets. Recognizing the increasing demand for halal food solutions and halal ingredients, as highlighted recently in the Makkah Halal Forum 2025, Tanmiah and Griffith Foods will collaborate to build a strong halal brand in Saudi Arabia and beyond. This initiative will combine Griffith Foods' global product development capabilities with Tanmiah's well-established local manufacturing operations to enhance halal food offerings and drive leadership in this growing market segment. To support these strategic initiatives, the companies will assess the feasibility of establishing the first of its kind facility in KSA dedicated to producing 100% halal ingredients, catering to the GCC market. His Excellency Amr Al-Dabbagh, the Chairman of Tanmiah Food Company, commented: 'Tanmiah's strategic partnership with Griffith Foods is indeed a milestone in our journey, that is aligned to our goals of redefining culinary excellence in the Middle East. By integrating Griffith Foods' century-old expertise in product development and innovation with our regional capabilities, we are looking to empower food manufacturers across MENA to create halal, nutritious, authentic, healthy, and sustainable recipes that cater to unique regional tastes. We are excited about this critical collaboration and its role in complementing our wide range of high-quality Halal products and in supporting Vision 2030's objectives of food security, economic growth, and environmental stewardship.' Brian Griffith, Chairman of Griffith Foods, added: 'Griffith Foods is strongly committed to helping customers create better products – and a better, more sustainable world, and our partnership with Tanmiah exemplifies this core objective. By joining hands with one of the region's largest food manufacturers, we are looking forward to bringing new flavors and ingredients conforming to the Halal standard of KSA to the Middle East's evolving food landscape. This collaboration aligns with our aspirations of partnering to create sustainable food system networks, developing nutritious and sustainable food products and creating new markets to serve the underserved. We look forward to contributing to Saudi Arabia's vision for a sustainable future, while empowering local food businesses to thrive.' About Tanmiah Food Company Tanmiah Food Company, established in 1962, is one of the Middle East's leading providers of fresh poultry, processed proteins, animal feed and health products, and a restaurants operator. It is a publicly listed Company on the Saudi stock market. It is worth noting that Al-Dabbagh Holding Group Company is a partner and founding shareholder of Tanmiah Food Company. Tanmiah's fully integrated and highly efficient business model includes production, further processing, and distribution with products sold in Saudi Arabia, the UAE, Bahrain, Oman, Jordan, and Kuwait. As of 31 December2024, Tanmiah operates 147 farms, seven hatcheries, four feed mills, and four primary processing plants, and, through its joint venture operations, it operates four further processing plants. Tanmiah distributes its products through a network of wholesalers, retailers, and food service outlets, as well as online directly to consumers. Sustainability is a core principle at Tanmiah, with initiatives including planting a million trees, using wastewater from its facilities, and turning waste products into fertilizer. About Griffith Foods Griffith Foods is a global product development and production company specializing in food ingredients including seasonings, marinades, sauces and coating systems. Griffith Foods' group companies include Custom Culinary® which specializes in providing foodservice and food processing professionals with authentic branded and proprietary culinary flavor systems; TEROVA™ serves premium, sustainable ingredients, and products grown with a farmer first approach and full traceability; NOURISH VENTURES is a strategic partner to new ventures, accelerating their ability to scale and grow, focused on creating the food system of the future. A privately held, family owned company, Griffith Foods was established in 1919. Headquartered in Illinois, USA, Griffith Foods operates in more than 40 countries with operations in North and South America, Europe, India Middle East and Africa, and Asia Pacific.

Tanmiah Food Company and Vibra Foods sign landmark MoU to partner in poultry processing investments
Tanmiah Food Company and Vibra Foods sign landmark MoU to partner in poultry processing investments

Zawya

time20-02-2025

  • Business
  • Zawya

Tanmiah Food Company and Vibra Foods sign landmark MoU to partner in poultry processing investments

Riyadh, Saudi Arabia - Tanmiah Food Company ('Tanmiah' or the 'Company', 2281 on the Saudi Exchange), established in 1962, one of the Middle East's leading providers of fresh poultry, processed proteins, animal feed, health products and restaurants operator, today announced the signing of a Memorandum of Understanding (MoU) with Vibra Agroindustrial S.A ("Vibra"), one of the largest poultry producers and exporters based out of Brazil.. The signing ceremony was held at the Ministry of Environment, Water, and Agriculture (MEWA), in the presence of His Excellency Eng. Abdulrahman Abdulmohsen AlFadley - Minister of Environment Water and Agriculture, and His Excellency Amr Al-Dabbagh – The Chairman of Tanmiah Food Company. This transformative partnership encompasses several avenues of collaboration, including mainly: Potential Investment in Further Processing Business: Vibra is looking to make a strategic investment in Tanmiah's further processing business, thus boosting production capacities and expanding market reach. Global Halal Industry Development: The alliance will collaborate in creation of a global Halal brand rooted in Saudi Arabia, capitalizing on the Kingdom's internationally recognized Halal standards and Vibra's expertise in one of the world's most cost-effective poultry production centres, Brazil. Driving Efficiencies: This collaboration seeks to optimize Halal product offerings, enhancing supply chain efficiencies and foster innovation in processing techniques, ultimately expanding access to Halal markets worldwide. Zulfiqar Hamadani, Group CEO of Tanmiah Food Company, commented: 'The landmark partnership with Vibra represents a pivotal step in our mission to elevate food security and drive innovation in the sector. By combining our core capabilities, we are not just advancing the food industry, but are also setting new standards for quality, innovation, and global market reach. This collaboration demonstrates our commitment to operational excellence by bringing further global expertise to Saudi Arabia, thus contributing to the Kingdom's self-sufficiency objectives, while shaping the future of the Halal food industry.' Flavio Sergio Wallauer, Founder and Chairman of Vibra, stated: 'Our strategic alliance with Tanmiah is not just a business partnership but also a combination of our shared values and a mutual commitment to excellence in Halal food production. By joining hands with Tanmiah, we look forward to fostering the exchange of technological knowledge with Tanmiah's deep understanding of regional markets and rapidly changing consumer preferences. We look forward to playing a pivotal role in supporting Tanmiah's ambitious growth and expansion plans' The strategic alliance between Tanmiah and Vibra is also poised to mark a new era in the Halal food sector by making significant contributions to the growth and diversification of Saudi Arabia's agri-food sector. By combining Vibra's global industry know-how with Saudi Arabia's visionary approach to food security and self-sufficiency, the partnership is set to result in the production of innovative, high-quality and sustainable Halal products to consumers within the Kingdom and beyond. About Tanmiah Food Company Tanmiah Food Company, established in 1962, is one of the Middle East's leading providers of fresh poultry, processed proteins, animal feed and health products, and a restaurants operator. It is a publicly listed Company on the Saudi stock market. It is worth noting that Al-Dabbagh Holding Group Company is a partner and founding shareholder of Tanmiah Food Company. Tanmiah's fully integrated and highly efficient business model includes production, further processing, and distribution with products sold in Saudi Arabia, the UAE, Bahrain, Oman, Jordan, and Kuwait. As of 31 December 2024, Tanmiah operates one hundred and forty-seven farms, seven hatcheries, four feed mills, and four primary processing plants, eighty-one Popeyes restaurants, and through its joint venture operations, it operates four further processing plants. Tanmiah distributes its products through a network of wholesalers, retailers, and food service outlets, as well as online directly to consumers. Sustainability is a core principle at Tanmiah, with initiatives including planting a million trees, using wastewater from its facilities, and turning waste products into fertilizer. For more information, visit About Vibra Foods Vibra is one of the leading Brazilian Poultry producers, with more than 50 years of experience in the business. Known for its excellence in chicken meat production, it stands out in the Brazilian agro-industrial landscape with a strong commitment to quality, sustainability and animal welfare. Vibra operates in the production and commercialization of chicken protein with the brands Nat and Avia. Its facilities include hatcheries, laboratories, farms, feed factories, slaughterhouses and rendering plants to more than 70 countries around the world. Its economic influence extends to local communities and makes a significant contribution to the domestic economy. The company also plays a crucial role in the international market, being one of the leading chicken meat exporters worldwide. Vibra is currently selling its products in the GCC Region catering to retail and foodservice channels.

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