Saudi Food Industry set for $113 Billion Boom by 2016
With the consumers reaping the benefits of Saudi Arabia’s ongoing economic growth, the outlook for the consumer sector remains bright.
Recent industry reports have highlighted the tremendous success of the Saudi economy, driven by high oil prices, heavy government spending, and buoyant consumer confidence.
In line with economic and population growth along with continued investment in the food processing sector in the Kingdom, food consumption is predicted to grow by an enviable 53 percent to reach $113 billion by 2016.
Per capita food consumption is also expected to grow by an impressive 40 percent over the same period to reach $2,104. Showcasing this growth are several industry events to be held in the coming months.
Saudi Agro-Food 2014, the 21st international trade show for food products, ingredients and technologies, will feature state-of-the-art products, technologies and services, including frozen and chilled foods, confectionery and chocolates, healthy and natural foods, and presentation, processing and packaging equipments.
The event will be held from September 7 to 10, 2014 at the Riyadh International Convention and Exhibition Center to offer international, regional and local companies a platform to discuss key issues, discover new investment opportunities, facilitate business deals with major stakeholders, and network with the leading industry professionals.
Held concurrently with Saudi Agro-Food 2014 are Saudi Agriculture 2014 – the 33rd international agriculture, water and agro-trade industry show, and Saudi Food-Pack 2014 – the fourth international trade exhibition for food processing and packaging technologies.
Saudi Agriculture 2014 will showcase a variety of leading industry solutions and products in sectors such as agriculture building construction, animal health and production, finance and banking, machinery and equipments, chemicals and fertilizers, fisheries and fish farming, irrigation and landscaping equipments, and organic farming.
Likewise, Saudi Food-Pack 2014 will exhibit an array of equipments and solutions from manufacturers and distributors of tools, machinery and services that are essential for food production and packing, as well as their display in stores and outlets.
Saudi Agro-Food 2014 is approved by UFI, the Global Association of the Exhibition Industry. The last year’s edition recorded a footfall of over 8,000 professional visitors and 173 exhibitors from 24 countries across 5,000 square meters of exhibition space.
New Capgemini Engineering brand fuses digital and physical
With the aim of helping the world’s largest innovators to engineers the products and services of tomorrow, Capgemini has merged its tech and software capabilities with its engineering and R&D practice, the digtial and physical to form a 52,000-strong Capgemini Engineering brand. A move that builds on its acquisition a year ago of engineering giant Altran for over $3 billion.
R&D is the new battlefield
“Today’s leading organisations understand that Engineering and R&D is fast-moving and ever-evolving,” says Aiman Ezzat, CEO, Capgemini. “As a result, an end-to-end partnership with clients is need for developing, launching, managing and modernising breakthrough products.”
Enter Capgemini Engineering. A new brand that unites a unique set of strengths from across Group, bringing together the world-class engineering and R&D capabilities of Altran with Capgemini’s own digital manufacturing expertise.
According to William Roze, CEO of Capgemini Engineering, R&D is the “battlefield” and subsdquently “must be connected and data-driven to optimise innovation and accelerate development”. In answer to this, Capgemini Engineering will offer services to address this need and to “harness the power of data to foster innovation, create new customer experiences and deliver new sources of value".
Merging the expertise of the Group
With this new endeavour, Altran’s capabilities are brought to the fore, a year on from its acquisition, perfectly complementing “the Group’s already well-established portfolio of business offerings and supporting our leadership position in intelligent industry”, says Ezzat.
In fact, just in January 2021, leading global management and strategy consulting firm Zinnov ranked Capgemini as the top of its Leadership Zone for its global Engineering, Research and Development services, pinpointing how as a Group it boasts the largest global delivery network with a presence across all major engineering hubs.
With its 52,000 engineers and scientists and a presence in all major engineering hubs worldwide, the global business line’s services cover three key domains: product and systems engineering; digital and software engineering; and industrial operations.
This is the second time Capgemini has combined various practices to form an integrated powerhouse. Capgemini Invent – a strategy and business transformation consultancy was formed in 2018 by combining Capgemini’s consulting, digital and creative units.