Tanmiah Food Company, Tyson Foods Strengthen Strategic Partnership at Saudi Event

Part of the meeting between Saudi-based Tanmiah Food Company and US-based Tyson Foods, Inc. Asharq Al-Awsat
Part of the meeting between Saudi-based Tanmiah Food Company and US-based Tyson Foods, Inc. Asharq Al-Awsat
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Tanmiah Food Company, Tyson Foods Strengthen Strategic Partnership at Saudi Event

Part of the meeting between Saudi-based Tanmiah Food Company and US-based Tyson Foods, Inc. Asharq Al-Awsat
Part of the meeting between Saudi-based Tanmiah Food Company and US-based Tyson Foods, Inc. Asharq Al-Awsat

Saudi-based Tanmiah Food Company and US-based Tyson Foods, Inc. met this week in Jeddah to recognize their strategic partnership made in 2022 including the potential growth opportunities across the Kingdom and the Middle East.

The event was held by the Chairman of Tanmiah Food Company, Amr Al-Dabbagh, and joined by Saudi government guests, in addition to the US Consul General in Jeddah and the Commercial Counsul, and a number of private sector officials.

The partnership is well positioned to help sustainably meet the growing demand for poultry in the Kingdom, while also supporting Saudi Arabia’s food security goals and economic growth.

The companies discussed the growing Halal food market and the opportunities it presents to unlock future growth for the partnership. Both companies also discussed future expansion plans to increase the processing capacity of the Supreme Foods Processing Company. As per the partnership agreement, Tyson Foods and Tanmiah will be jointly investing in the expansion of further processing capacity. The expansion is anticipated to increase the total production capacity of Supreme Foods Processing to nearly 100,000 metric tons annually.

“It was an honor to welcome our partners at Tyson Foods to the Kingdom as we build momentum following the recent signing of our strategic partnership that will unlock growth across the Kingdom and improve access to high-quality processed poultry products. We also believe the partnership strengthens our commitment to supporting the Kingdom’s food security and self-sufficiency goals,” said Tanmiah’s CEO Zulifqar Hamadani.

Executive Board Member & Managing Director Ahmed Osilan said: “This partnership will contribute to food security goals and bring global expertise, standards and technology to the Saudi poultry market, supporting the Kingdom’s non-oil economy while also generating hundreds of jobs.”

Tyson Foods President, International and Chief Administrative Officer Amy Tu said that a key part of his company’s strategic plan is to meet the growing global demand for protein and to serve customers and consumers with products tailored to the local market and region.

He said the partnership with Tanmiah Food “will allow us to address that plan, especially the growing demand for Halal food. We are excited to build a long-term partnership and drive future economic activity in the Kingdom.”

As for TAN Sun, President, Tyson Foods Asia Pacific, he said: “We are committed to working together to drive operational excellence and deliver high-quality poultry products across the region. We are aligned on the need for future expansion across the value chain and improvements to production processes. We look forward to further collaboration.”



GCC States’ GDP Projected to Reach $6 Trillion in 2025

Riyadh, Saudi Arabia (Reuters)
Riyadh, Saudi Arabia (Reuters)
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GCC States’ GDP Projected to Reach $6 Trillion in 2025

Riyadh, Saudi Arabia (Reuters)
Riyadh, Saudi Arabia (Reuters)

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi affirmed that GCC countries hold a significant economic status globally, with the GDP reaching approximately USD2.1 trillion in 2023.

AlBudaiwi projected the GDP of GCC countries will reach $6 trillion by 2025.

The Secretary-General’s remarks came as he participated in the Gulf dialogue session, held as part of the Asian Financial Forum 2025 sessions in Hong Kong, with the participation of the Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region and a number of senior economic officials from the GCC countries.

The total sovereign financial assets in the GCC countries amounted to around $3.2 trillion, accounting for 33% of the total sovereign assets worldwide, Albudaiwi added.

Albudaiwi highlighted that the GCC countries hold the top global ranking in crude oil reserves and production, and also lead in natural gas reserves, while ranking third globally in natural gas production.

He underscored that the GCC’s balanced policies have contributed to the stability of energy markets by providing secure and stable supplies of oil and gas to global markets.

The Secretary-General mentioned that the GCC's significant economic potential creates numerous opportunities for cooperation with Hong Kong, a leading Asian financial center.