Saudi food sector is expected to grow by 55.3%

Updated 19 November 2014
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Saudi food sector is expected to grow by 55.3%

The second edition of Foodex Saudi was inaugurated by Prince Khalid bin Saud bin Khalid bin Turki Al-Saud, deputy chairman of the Meteorology and Environmental Protection Technical Affairs.
The event at the Jeddah Centre for Forums and Events attracted more than 400 brands from over 30 countries and is projected to receive over 15,000 visitors and buyers from Saudi Arabia and the GCC, according to organizer Reed Sunaidi Exhibitions.
With the support of the Ministry of Agriculture represented by its Deputy Minister Jaber bin Muhammad Al-Shihri, Foodex Saudi has set the benchmark for food and beverage exhibitions in the Kingdom. The event featured many major brands.
Simon Blazeby, head of the exhibition, said the Saudi food sector is expected to grow by 55.3 percent over the next few years, reaching SR262.5 billion per annum.
According to him, the Kingdom’s food and agricultural commodities account for 15 percent, or SR65.5 billion, of its imports, with agricultural imports projected to grow by as much as 76 percent by 2016.
He said: "The exhibition provides a platform for local and international businesses to come together and further develop Saudi Arabia’s F&B industry. The exhibition’s first day was a notable success with thousands of visitors in attendance eager to network, establish new connections and discover new-to-region brands from international destinations — Austria, Greece, India, Thailand, Mexico and Malaysia, among others."
Catering to every sector in the F&B industry, Foodex Saudi offered a wide range of exhibitor profiles and products, including confectionery and baked goods, organic and health foods, seafood, poultry, game and meat, frozen foods and ready to eat, and food technology and packaging.
Commenting on his company’s decision to participate for the first time in Foodex Saudi 2014, Gerardo Tapia, CEO of Cominova SA de CV (Mexico) and Cominova Espana, SL (Spain), said: “We believe that Foodex Saudi is a great opportunity to expand our market and unite Mexican and Saudi cultures. Cominova produces 120 different products and represents 30 different small to medium companies from Mexico. Our products are innovative, of high quality and aim to preserve Mexico’s inherited recipes.”
The opening day also marked the kick-off of the three-day Saudi Food Forum, with the keynote address being delivered by the Deputy Minister for Agriculture Jaber Muhamad Al-Shehri. Focusing on the responsible development of the Kingdom’s SR262.5 billion F&B industry, the topics to be covered during the three days in session include food security and safety, import and export, supply chain and logistics, halal food standards, and food marketing.
A new addition to the agenda this year, and taking place on days 2 to 4 of the exhibition, the Saudi Chef Competition encourages local chefs to compete on a spectrum of culinary talents, with the winners being determined by an international panel of industry professionals.
"The Saudi Food Forum will bring national and international buyers together with leaders in halal, food security, food safety, supply chain logistics, and food marketing. The provisional program includes speakers from the FAO, ITC, IDB, SMIIC and various national Governmental institutions plus talks and live demonstrations from leading brands, retailers, restaurants and hotels," said the organizers.


Egypt-born Dina Powell McCormick appointed Meta president and vice chairman

Updated 13 January 2026
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Egypt-born Dina Powell McCormick appointed Meta president and vice chairman

  • The former Goldman Sachs partner and White House official previously served on Meta’s board of directors
  • Powell McCormick, who was born in Cairo and moved to the US as a child, joins the management team and will help guide overall strategy and execution

LONDON: Meta has appointed Egypt-born Dina Powell McCormick as its new president and vice chairman.

The company said on Monday that the former Goldman Sachs partner and White House official, who previously served on Meta’s board of directors, is stepping up into a senior leadership role as the company accelerates its push into artificial intelligence and global infrastructure.

Powell McCormick, who was born in Cairo and moved to the US as a young girl, will join the management team and help guide its overall strategy and execution. She will work closely with Meta’s Compute and infrastructure teams, the company said, overseeing multi-billion-dollar investments in data centers, energy systems and global connectivity, while building new strategic capital partnerships.

“Dina’s experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely suited to help Meta manage this next phase of growth as the company’s president and vice chairman,” Meta founder and CEO Mark Zuckerberg said.

Powell McCormick has more than 25 years of experience in finance, national security and economic development. She spent 16 years as a partner at Goldman Sachs in senior leadership roles, and served two US presidents, including stints as deputy national security adviser to Donald Trump, and a senior State Department official under George W. Bush.

Most recently, she was vice chair and president of global client services at merchant bank BDT & MSD Partners.