Foodex Saudi 2015 Opened the Doors for More International Companies to Enter the Saudi Food Market
73% of exhibitors successfully met their business objectives at the event
Many local and international food production experts from 209 domestic and international companies showcased the latest food products while looking out for new partnerships in the Saudi market at the third edition of the food and beverage international exhibition “Foodex Saudi 2015”, which took place last November.
The exhibition, organized by Reed Sunaidi at Jeddah Centre for Forums and Events, witnessed participation of 32 countries and a variety of national and international food products. A large space was occupied at the show by competitive organic food companies and diet food firms.
Nader Gori, general manager of Arab Foundation for Foodstuffs, said, “Saudi food market is moving towards diversification of production. Expansion of the food industry deserves support at all levels. All participating companies are welcome to enter into a variety of partnerships.”
“The companies can offer their products and target businessmen in their relevant industries and are sure to get good response as the Saudi market is made up of high-density population and is dominated by young people. The Saudi market, which has high purchasing capabilities as well as consumption rates increasing 14% annually, is a new territory for quality products.”
He pointed out that Saudi Arabia, whose population is rapidly growing and consequently there’s an increase in consumption of food and beverages, is an ideal market. Currently, it imports more than 85% of its total food and beverage requirements, thus it creates interest in the establishment of a major industrial base to provide the needs of 31 million citizens and residents currently.