Tanmiah signs MoU with Brazilian firm to explore investment opportunities
Tanmiah Food Co. signed a memorandum of understanding (MoU) with Vibra Agroindustrial S/A (Vibra), one of Brazil's largest poultry producers and exporters, to explore potential investment and strategic collaboration opportunities, the company said in a statement to Tadawul today, Feb. 17.
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
7 hours ago
- Arab News
Plant-based diets transform Saudi agriculture and fuel Vision 2030
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Little and head of its consumer goods, retail, and agriculture division, emphasized the potential of alternative crops and supporting technologies. According to him, the greatest opportunity in agriculture lies in embracing innovation — from alternative crops to smart technologies — to meet rising demand, reduce costs, and enhance food sovereignty. As plant-based trends continue to flourish, Saudi Arabia's evolving agricultural strategy may well position the Kingdom as a regional leader in sustainable food production. 'Plant-based diets are often inherently more sustainable — production of meat and dairy for example is one of the most land and water intensive activities on the planet, as well as a major contributor to global warming due to land use change and methane emissions from ruminant animals,' Webster told Arab News. 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They are showing that the private sector is ready to engage in food innovation that benefits both public health and business growth,' Wall said. Rabbat, from Strategy&, noted that the record agricultural GDP achieved by the Kingdom in 2024 is being driven by ecosystem-wide innovation, supported by the introduction of new products and technologies such as precision irrigation and vertical farming. 'SADAFCO has launched Saudia Oat Milk, the Kingdom's first locally produced oat based milk, to meet the rising demand for plant-based alternatives. Mishkat Agritech, based in Jeddah, leverages hydroponic greenhouse and vertical farming techniques to reduce water usage by up to 90 percent compared to traditional agriculture,' he said. The Strategy& Middle East partner added: 'These innovations directly support Vision 2030 by advancing food security, reducing import dependence, enabling sustainable resource use, and fostering a resilient, tech-driven economy.' 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Researchers at King Abdullah University of Science and Technology are leading efforts to develop seawater-adapted microalgae strains and are investigating the potential for algae farming on the salt flats along the Arabian Gulf. Projects like TOPIAN, part of NEOM Food Co., are showcasing how advanced, climate-resilient infrastructure can bolster local food production. TOPIAN recently inaugurated its first controlled-environment glasshouses, engineered to grow fruits and vegetables year-round. These facilities also serve as testing grounds for evaluating the viability of various crops across different production systems. 'Cooling efficiency, radiation control, solar integration, and water conservation are among the key innovations being explored to enable consistent domestic supply of crops such as lettuce, tomatoes, and strawberries,' Webster said. The ADL partner acknowledged that while the full impact of these innovations on national food system productivity is still emerging, their long-term potential is substantial. From Strategy&'s perspective, Rabbat emphasized that the growing 'plant-based prosperity' trend is steering Saudi agriculture toward sustainable, technology-driven models designed to address water scarcity, climate challenges, and increasing consumer demand.
Al Arabiya
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- Al Arabiya
Saudi Arabia cut workplace deaths by 75pct, created more health, safety jobs: Official
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Asharq Al-Awsat
a day ago
- Asharq Al-Awsat
Saudi Bonds: A Safe Haven in Emerging Markets
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