INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

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.