Almarai strategic contracts totaling SAR 276 million were signed during the fifth edition of the International Fisheries Conference and Exhibition held in Riyadh. The leading food and beverage company announced these five strategic agreements as part of its expansion into the seafood sector, reflecting its commitment to diversifying product offerings and enhancing food security in the Kingdom.
The company sponsored the International Fisheries Conference and Exhibition, which was held under the patronage of the Minister of Environment, Water and Agriculture. The event serves as a specialized platform bringing together government and private entities involved in aquaculture, fisheries, and seafood sectors.
Details of Almarai Strategic Contracts
The contracts were signed with Crete International Contracting Company, CGS Company, Laitram Machinery, Ion Exchanging Limited, and Marel Stofning AS. These agreements aim to establish industrial facilities and production lines at the fish and seafood facility in King Abdullah Economic City in Rabigh, supporting the company’s investment plan to enter this sector and accelerate access to local markets and consumers.
Executive Leadership Statement
“Our participation in this important event and the Almarai strategic contracts that were signed come within the framework of Almarai’s plans to expand its investments in the seafood sector and contribute to achieving national aspirations for economic diversification and enhancing food security by increasing the domestic output of the fisheries sector and raising the annual per capita consumption rate to match global rates. This is in addition to our efforts to contribute to enabling qualitative partnerships in the sector, reflecting our firm commitment to innovation, applying the latest technological solutions, enhancing operational efficiency, and supporting the sustainable growth of the sector in the long term.”
Fawaz Al-Jasser, CEO of Almarai
Strategic Importance of Seafood Sector
Seafood products are part of the protein products sector at Almarai, which constitutes one of the main strategic pillars in the food security system of Saudi Arabia. Within this framework, Almarai is moving forward in implementing its comprehensive strategy for this sector, which combines poultry, red meat, and seafood within an integrated system aimed at enhancing local self-sufficiency, raising the efficiency of supply chains, and adopting the latest sustainable operational technologies.
The expansion in the seafood sector comes as part of this strategic direction, confirming Almarai’s commitment to providing integrated food solutions that meet consumer aspirations. The International Fisheries Conference and Exhibition is held with support from the Ministry of Environment, Water and Agriculture and the National Program for the Development of the Livestock and Fisheries Sector.
Future Outlook for Food Security
The investment in advanced production facilities demonstrates Almarai’s long-term vision for contributing to Saudi Arabia’s Vision 2030 objectives. By establishing state-of-the-art seafood processing capabilities, the company aims to reduce dependence on imports while providing high-quality products to Saudi consumers. This initiative aligns with national efforts to develop the fisheries sector and create sustainable economic opportunities in the Kingdom.
