Kaso (YC W22)’s Post

Restaurant sales are lagging behind other industries in the KSA in the last year (taking May 2024 vs May 2023). While, on average, sales have grown by 13% across industries, Restaurants & Cafés have been growing below-average, and were surpassed by indirect competitors such as Food and Beverage at Home. Weakening sales and falling margins can shake confidence. To cope, many organizations are hiking prices, shrinking portion sizes, and putting off necessary repairs and investments. The percentage of revenue that would typically be allocated for marketing and maintenance is instead used to prop up the falling rate of profit. These developments testify to the incredible uncertainty and caution in the air. While the challenges facing the foodservice industry in the GCC are more complex than regional operators have had to deal with in the past, the right strategies can put them on the path for long-term, sustainable growth. #restaurants #ksa #middleeast

Did you know that the foodservice market in Saudi Arabia is worth around USD 27.8 billion and is expected to grow at a CAGR of 7.71% over the next five years, according to Mordor Intelligence? Young people, who make up about 70% of the country's population, are increasingly popular with fast food, leading to a rise in mobile food services. Because of the strong presence of the millennial population, the growing tourism industry, and Western culture's acceptance, the full-service restaurant segment, which includes casual dining options like Chili's, Fuddruckers, and TGI Fridays, is currently the most popular in the country. This presents a massive opportunity for food service businesses looking to expand or enter the Saudi market. #foodservice #SaudiArabia #marketresearch

Is Kuwait losing its crown as a leader in the F&B sector? Find out with Food Forward Consulting as it considers the reasons behind its decline and explore the opportunities to reclaim its competitive edge.   To read the full article: http://bit.ly/3GYOFLG     #foodandbeverage #foodandbeverageindustry #Kuwait #FoodForwardConsulting

We are excited to share the news of Supy's recent partnership with the Association of Restaurants and Cafes Owners in the Kingdom of Saudi Arabia. This partnership aims to support the sector with advanced inventory management solutions to enable digital transformation. In today's fast-paced world, businesses must adapt to the digital age and embrace technological advancements. This is particularly true in the restaurant and cafe industry, where inventory management is crucial for success. With Supy's advanced inventory management solutions, restaurants and cafes can streamline operations and improve efficiency, ultimately leading to increased profitability. We are confident that this partnership between Supy and the Association of Restaurants and Cafes Owners will significantly impact the industry, enabling businesses to improve operations and deliver exceptional customer experiences. It is an exciting time for the restaurant and cafe industry, and we can't wait to see the positive impact of this partnership. #saudiarabia #foodandbeverage #digitaltransformation #inventorysoftware #supy #vision2030

Join me and other experts as we deep dive into the Future of Restaurants Technology in the Kingdom. #HORECARiyadh #KSA #HORECAnetwork #Tradeshow #BusinessOpportunities #saudihoreca  #saudiarabia #horeca #hospitality #foodservice

Riyadh, see you next week. 🛫 Learn > Best Practices to Boost CLV > Latest Trends in Customer Engagement Receive > Complimentary consultation from our CLV experts Network with your industry peers. Mohammad Tannous Samer Saad Mohammad Ikhleif Tripti Negandhi

The UAE, Saudi Arabia, and the wider Middle East and African region are witnessing growing trends within the food and beverage space. Read our insightful blog that explores the trends shaping the future of business and society. 👇 https://lnkd.in/dBd8Ud2X #foodandbeveragetrends #foodtrends #foodandbeveragesector #uaefoodindustry #uaebeveragesector

RISE WITH THE NEW FOOD ECONOMY SETTING A NEW GLOBAL STANDARD The Saudi Food Show brings together an unmatched global line-up of international exhibitors, thought leaders, F&B communities, strategic partners, never-seen-before brands, and top regional and international chefs on one ground-breaking stage. A powerful sourcing hub, a springboard for F&B trends, and a place to connect with the largest gathering of high-quality trade buyers, influential global and regional industry professionals, and the world’s best thought leaders in food and beverage, this one-of-a-kind event isn’t just a great place to make an impact in the world’s largest fastest-growing economy – it’s also a platform from which to inspire world-leading, industry-wide transformation. Our inaugural 2023 edition established a new global benchmark for trade shows of this kind, right from the heart of the most dynamic new food capital, creating opportunities and forging partnerships with the power to reshape both the region and the world beyond.

Saudi Arabia's Restaurant Landscape: A Glimpse Out of a staggering 132,383 restaurants, cafes, and bakeries in Saudi Arabia, only a select few consistently attract high foot traffic. Data revealed in xmap.ai (October 2023) Riyadh, Mekkah, & Eastern Province have the largest numbers. Interestingly, Riyadh (1,312) followed by Mekkah (1276) boast the highest concentration of the 4,473 top performers highly-visited establishments. These top performers represent a variety of categories, including dine-in restaurants, fast food chains, chocolate shops, cake shops, and coffee shops.

There is a significant expansion potential in the GCC foodservice market as the industry is set to grow by more than $20b in five years. Growth and competitiveness of the individual markets within the GCC vary significantly, though — and so should restaurant chains’ expansion strategies. While the KSA is one of the least saturated markets — with a ratio of more than 1,000 people per restaurant establishment, restaurants in the UAE have a tougher fight for customers as there are close to 600 people per establishment (a number closer to the U.S. than to other emerging markets). The bulk of restaurant industry growth will spring from emerging and frontier markets; and the best margins to be found anywhere are in underdeveloped markets. Can you accelerate growth in emerging and frontier markets? #restaurants #middleeast #saudiarabia