NEOM Food signs SAR 1.9bn investment deal with Jazan Industrial City

NEOM Food signs SAR 1.9bn investment deal with Jazan Industrial City

NEOM Food Company (Topian) has signed a SAR 1.9bn investment agreement with Jazan City for Primary and Manufacturing Industries on February 4, during the Saudi International Marine Exhibition in Riyadh.

The agreement aims to establish a specialised aquaculture project to enhance sustainable food production, with an expected annual production capacity of 10,000 metric tonnes.

The project is set to create 120 job opportunities within the city while supporting local and regional food security by meeting growing demand for food products.

Jazan City for Primary and Manufacturing Industries seeks to strengthen Saudi Arabia's position as a leading regional investment centre for sustainable food manufacturing by adopting the latest technologies and achieving high environmental quality standards.

Tubian focuses on developing technologies necessary for building a sustainable food system to address global challenges resulting from population growth, changing consumption patterns, climate change, and natural resource depletion through fostering a dynamic community of scientists, experts, and innovators.

Topian has made impressive progress against ambitious targets by building high- and mid-tech greenhouses and vertical farms in just two years.

Earlier, Topian’s Sustainable Food Supply and ESG business unit has been awarded two significant certifications by the British Standard Institutions (BSI), one of the world’s most credible certification bodies.