黑料社区

JEDDAH: Six German companies specializing in dairy, honey, and coffee are exploring investment opportunities and commercial partnerships with Saudi investors and suppliers. 

The firms plan to expand into the Saudi market in the coming phases and are working to establish local factories for food production and processing, according to Rawabi Basyouni, head of the German Desk for the Western Province at the German-Saudi Liaison Office for Economic Affairs,  reported. 

Basyouni noted that the companies are targeting key sectors including dairy, cheese, honey, jams, and coffee, adding that they recognize the scale of the Saudi market and the high quality of existing domestic products. 

Her remarks came during a meeting between the German food sector delegation and representatives of the Jeddah Chamber of Commerce, attended by a number of investors and stakeholders in the food industry. 

According to the Food and Agriculture Organization of the UN, Germany leads the EU in milk production, with an annual output of around 33 million metric tonnes. The country鈥檚 total dairy market is projected to grow from about $30 billion in 2024 to around $39 billion by 2029, at a compound annual growth rate of nearly 5 percent. 

Cheese currently represents the largest segment by value in Germany鈥檚 dairy market and is expected to remain the fastest-growing in the coming years, driven by rising demand for high-quality and specialty cheeses. 

Fahad Al-Ghamdi, chairman of the Food and Drug Products Committee at the Jeddah Chamber of Commerce, told Al-Eqtisadiah that 鈥渢he committee has been coordinating with several German food companies,鈥� describing the meeting as an important opportunity to strengthen investment prospects between the two countries. 

He confirmed ongoing cooperation to enhance partnerships between Saudi and German firms in the date industry, noting strong European demand for Saudi dates. He added that some date varieties are used in pharmaceuticals, while others are incorporated into dairy and related products. 

Al-Ghamdi added that while the German market is competitive and robust, 黑料社区 offers an attractive environment for foreign investment, expressing optimism that several agreements and deals will be signed between Saudi and German companies in the food sector.