Latest news with #Tamakani
CairoScene
05-05-2025
- Business
- CairoScene
PepsiCo Inaugurates New Regional Headquarters in Riyadh
The opening included the announcement of a SAR 30 million R&D hub focused on regional product innovation. PepsiCo has inaugurated its Middle East Regional Headquarters in Riyadh's King Abdullah Financial District, highlighting its nearly 70-year presence in Saudi Arabia. The opening included the announcement of a SAR 30 million R&D hub focused on regional product innovation, blending global expertise with local consumer preferences. The company's longstanding integration into Saudi communities is exemplified by its agricultural partnerships: 100% of potatoes used in its products are sourced from Saudi farms, supporting rural economies and aligning with Vision 2030's food security objectives. PepsiCo's investment extends to human capital. Initiatives like Tamakani and the Youth Impact Studio prioritise upskilling Saudi youth and women. Sustainability remains central, with water replenishment projects returning billions of litres to communities and manufacturing facilities adopting circular waste practices. The inauguration event, attended by government, business and media leaders, featured interactive showcases of the company's brands.
Zawya
22-04-2025
- Business
- Zawya
PepsiCo opens regional headquarters in Riyadh's KAFD
Riyadh: PepsiCo opened its new regional headquarters in Riyadh's King Abdullah Financial District (KAFD), reinforcing its presence through significant investments including advanced production facilities in Dammam and an expanding presence in the local agricultural sector, where the company sources potatoes from local farms. PepsiCo's operations span 86 locations across the Kingdom, generating over 9,000 job opportunities in collaboration with its packaging partners. The company also implements various innovative employment and training programs, such as the "Future is Saudi" initiative, which aims to equip Saudi youth with new skills and enhance their career prospects in alignment with Saudi Vision 2030. The "Youth Impact Studio" program focuses on developing youth skills in sustainability. Additionally, the "Tamakani" initiative contributes to the empowerment and inspiration of Saudi women, having benefited over 100,000 women to date. These developments align with the Kingdom's strategic direction toward building a sustainable and diversified economic environment. The presence of multinational corporations contributes significantly to the national economy by creating job opportunities and implementing global best practices across agriculture, industry, logistics, and other sectors. The Kingdom is actively fostering a stimulating and integrated investment climate, offering foreign investments a range of facilities that enhance the business environment and attract further global capital. Such facilities include a sophisticated infrastructure network and integrated logistics services, providing a flexible and efficient business environment that strengthens the Kingdom's position as an attractive global investment destination across diverse sectors. The economic reforms and initiatives undertaken by the Kingdom under Vision 2030 are attracting a substantial influx of international companies that are expanding their presence to capitalize on the advanced investment and economic system and infrastructure. Global companies are demonstrating significant engagement with Saudi economic incentives, evidenced by the increase in the number of companies establishing regional headquarters in the Kingdom to approximately 600 and the doubling of total investments to SAR1.2 trillion, representing 30% of the Saudi economy's size.
Leaders
21-04-2025
- Business
- Leaders
PepsiCo Launches Regional HQ in Riyadh's KAFD, Boosting Local Investments, Employment
PepsiCo has inaugurated its new regional headquarters in Riyadh's King Abdullah Financial District (KAFD), strengthening its commitment to the Kingdom through major investments. These include state-of-the-art production facilities in Dammam and an expanding role in Saudi Arabia's agricultural sector, where the company sources potatoes from local farms. Operating across 86 locations in the Kingdom, PepsiCo—alongside its packaging partners—has created more than 9,000 jobs. The company also runs innovative employment and training initiatives, such as: 'Future is Saudi' – Equipping Saudi youth with skills to enhance employability in line with Vision 2030. 'Youth Impact Studio' – Fostering sustainability expertise among young professionals. 'Tamakani' – Empowering Saudi women, with over 100,000 beneficiaries to date. These efforts support Saudi Arabia's strategic shift toward a sustainable, diversified economy. Multinational corporations like PepsiCo play a key role in this transformation by generating jobs and introducing global best practices in agriculture, industry, and logistics. The Kingdom continues to cultivate a dynamic investment ecosystem, offering foreign investors advanced infrastructure, streamlined logistics, and business-friendly policies. These advantages reinforce Saudi Arabia's position as a leading global investment hub. Under Vision 2030, Saudi Arabia's economic reforms have spurred a surge in international business activity. Around 600 companies have now established regional headquarters in the Kingdom, while total investments have doubled to SAR 1.2 trillion, accounting for 30% of the Saudi economy. This growth reflects strong global confidence in the Kingdom's evolving investment landscape. Related Topics: Saudi Arabia's Regional HQ Program Attracts International Firms KAFD Earns 3 LEED Platinum Certifications, Boosting Sustainability Leadership Saudi Arabia Launches 'Discover Mecca' Map, Offers Smooth Access to Landmarks Global Logistics Forum 2024 in Riyadh: Reshaping Global Trade Map Short link : Post Views: 1
Arab News
21-04-2025
- Business
- Arab News
PepsiCo opens regional headquarters in Riyadh, unveils $8m R&D center
RIYADH: Global beverage giant PepsiCo has opened its new Middle East regional headquarters in Riyadh's King Abdullah Financial District, reinforcing the company's long-term commitment to the region. Spanning 2,800 sq. m, the state-of-the-art facility will accommodate more than 150 employees and serve as a central hub for PepsiCo's operations across the Middle East. 'Our new RHQ in Riyadh signals our firm and long-term commitment to this region's future and its people – through job creation, agricultural partnerships, social impact and environmental stewardship,' said Ahmed El-Sheikh, president and general manager for Middle East, North Africa, and Pakistan Foods. The inauguration ceremony drew attendance from top PepsiCo executives, including Chairman and CEO Ramon Laguarta, alongside senior Saudi officials and business leaders. As part of its regional growth strategy, PepsiCo also announced plans to launch a new research and development center in the Kingdom, with an investment of SR30 million ($7.99 million). The R&D hub will focus on innovation in product development and packaging tailored to regional preferences. The facility will feature a culinary lab and an immersive sensory studio designed to refine products in alignment with local consumer tastes. In addition to serving as a business and innovation center, the Riyadh headquarters will also house PepsiCo's flagship social impact programs, including Tamakani and MENA Innovates, both aimed at empowering youth and fostering sustainable innovation. PepsiCo has invested over SR9 billion in Saudi Arabia over the past eight years. In 2023 alone, the company allocated SR199 million to expand its Dammam manufacturing facility. Today, PepsiCo operates across 86 locations in the Kingdom and employs nearly 9,000 people through direct operations and its franchise network.
