INSEAD Day 4 - 728x90

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High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

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ADNOC Distribution 2025 dividend $700m

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Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Saudi Arabia sets Guinness record for largest food cluster

Jeddah Food Cluster is the world's largest. (Modon)
  • Jeddah Food Cluster, which spans over 11 million square meters, has set a new global benchmark.
  • MODON announced ambitious plans for the cluster, targeting investments of up to SAR20 billion and creating 43,000 job opportunities by 2035.

Riyadh, Saudi Arabia — Saudi Arabia has set a Guinness World Record for the largest food cluster in the world with the Jeddah Food Cluster, which spans over 11 million square meters and has set a new global benchmark.
The Saudi Authority for Industrial Cities and Technology Zones (MODON) announced ambitious plans for the cluster, targeting investments of up to SAR20 billion and creating 43,000 job opportunities by 2035. The cluster aims to stimulate economic growth, enhance food security, and support national exports.
Over the next decade, the Jeddah Food Cluster is projected to contribute SAR8 billion to national exports and add SAR7 billion to the GDP. MODON will achieve this by investing in advanced infrastructure, shared services, and innovative solutions.
By integrating services and optimizing supply chains, the cluster aims to reduce operational costs by 5-12 percent. This will not only benefit businesses but also contribute to strengthening national food security and self-sufficiency in essential commodities.