Almarai To Invest Over SAR 18 Billion In Next Five Years To Support Food Security

Almarai Company, renowned for being the world's largest vertically integrated dairy entity and a leading producer and distributor of food and beverages in the Middle East, has unveiled its ambitious investment strategy for the upcoming five years, spanning from 2024 to 2028. This strategic move aims to bolster its market dominance while significantly contributing to food security, aligning with the objectives of Saudi Vision 2030 and the nation's efforts to empower the private sector.

Prince Nayef bin Sultan bin Mohammed bin Saud Al Kabeer, the Chairman of Almarai's Board of Directors, emphasised that the strategy is set to reinforce Almarai's status as the consumer’s preferred choice. With plans to penetrate new markets and broaden its sectoral footprint, the company is set to deploy over 18 billion riyals through capital investment programs, funded by its operational cash flows. This expansive investment underscores the company's commitment to sustained growth and diversification.

The Chairman further detailed that the investment plan is designed to foster sustainable growth across its core operational sectors and geographical regions, including the Gulf Cooperation Council countries, Egypt, Jordan, and beyond. It also aims to innovate and introduce new food sectors and products. The board is confident in achieving these ambitious objectives through targeted strategies and actions across main operational sectors such as dairy, juices, poultry, and baked goods, as well as promising areas like frozen food products, red meat, seafood, and ice cream.

At the heart of Almarai's investment strategy lie several fundamental pillars aimed at ensuring steady growth in business and product offerings. The company is dedicated to upholding stringent quality standards and bolstering food security across its operational markets. Striving for balance and flexibility, Almarai is keen on enhancing efficiency and reliability, safeguarding the value chain's integrity, and adopting innovative investment approaches. Moreover, maintaining its regional leadership in environmental and social sustainability is a principal goal, reflecting its commitment to responsible business practices.

This strategy not only underlines Almarai's ambition to expand and innovate within its industry but also highlights its role in supporting broader societal goals such as food security and sustainability in alignment with Saudi Vision 2030. The significant financial commitment to this strategy signifies a robust confidence in its successful execution and the potential for substantial impact on the food and beverage sector in the Middle East and beyond.