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Dairy Firms Consider Merging in Saudi Arabia

Dairy Firms Consider Merging in Saudi Arabia
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Dairy Firms Consider Merging in Saudi Arabia

Dairy Firms Consider Merging in Saudi Arabia

A number of small and medium dairy product companies in Saudi Arabia are considering merging.

According to Asharq Al-Awsat, the small and medium dairy firms in the Kingdom have an opportunity to merge -- this step is expected to achieve an increase in the companies’ capacity in production and outreach to customers, instead of only selling raw products to giant companies.

Furthermore, the decision to halt the production of green fodder locally would likely push towards merger among the small and medium dairy firms, especially since some of these small companies will not be able to directly import fodder, which requires direct financial and managerial capabilities.

Mergers might help prolong the longevity of firms in a way that allows them to regain part of their capital put into the industry. Studies revealed recently that small dairy companies will definitely merge with giant companies.

These developments at a time Saudi Arabia announced an implementation mechanism of the regulations regarding halting green fodder production.

During a news conference in Riyadh, the Ministry of Environment, Water, and Agriculture said that the farmers in the country will be compelled in the future to issue an agricultural record by which the kind of activity, the cultivated space and the farm coordinates are determined.

In a related matter, Undersecretary of the Ministry of Environment, Water and Agriculture Eng. Ahmed al-Ayada revealed that the ministry’s approach stems from its keenness to maintain resources of underground waters.

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Saudi Arabia Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
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Saudi Arabia Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)

Saudi Arabia has made history by uniting the 193 member states of the World Intellectual Property Organization (WIPO) to adopt the Riyadh Treaty on Design Law. This landmark achievement, realized after two decades of deliberation, underscores the Kingdom’s leadership in enhancing the global intellectual property system.

The announcement came at the conclusion of the Riyadh Diplomatic Conference on the Design Law Treaty, a rare event for WIPO, which has not held a diplomatic conference outside Geneva for more than a decade. It was also the first such event hosted in Saudi Arabia and the Middle East, representing the final stage of negotiations to establish an agreement aimed at simplifying and standardizing design protection procedures across member states.

Over the past two weeks, intensive discussions and negotiations among member states culminated in the adoption of the Riyadh Treaty, which commits signatory nations to a unified set of requirements for registering designs, ensuring consistent and streamlined procedures worldwide. The agreement is expected to have a significant positive impact on designers, enabling them to protect their creations more effectively and uniformly across international markets.

At a press conference held on Friday to mark the event’s conclusion, CEO of the Saudi Authority for Intellectual Property Abdulaziz Al-Suwailem highlighted the economic potential of the new protocol.

Responding to a question from Asharq Al-Awsat, Al-Suwailem noted the substantial contributions of young Saudi men and women in creative design. He explained that the agreement will enable their designs to be formally protected, allowing them to enter markets as valuable, tradable assets.

He also emphasized the symbolic importance of naming the convention the Riyadh Treaty, stating that it reflects Saudi Arabia’s growing influence as a bridge between cultures and a global center for innovative initiatives.

The treaty lays critical legal foundations to support designers and drive innovation worldwide, aligning with Saudi Arabia’s vision of promoting international collaboration in the creative industries and underscoring its leadership in building a sustainable future for innovators.

The agreement also advances global efforts to enhance creativity, protect intellectual property, and stimulate innovation on a broader scale.

This achievement further strengthens Saudi Arabia’s position as a global hub for groundbreaking initiatives, demonstrating its commitment to nurturing creativity, safeguarding designers’ rights, and driving the development of creative industries on an international scale.

The Riyadh Diplomatic Conference, held from November 11 to 22, was hosted by the Saudi Authority for Intellectual Property and attracted high-ranking officials and decision-makers from WIPO member states.