UAE Ministry of Economy has entered into a strategic partnership with Saudi Arabia-based food and beverage (F&B) and retail technology startup, Foodics to achieve a strong partnership between the public and private sectors in order to foster SME growth locally and globally.
As part of the agreement, the two entities will collaborate on several initiatives to support SME growth. Some of these activities will include workshops that will enable selected UAE-based F&B enterprises to optimize strategies and business operations, improve supply chain management as well as boost sales, marketing strategies and financial performance.
Foodics will also offer exclusive rates and benefits of its products and solutions through the Ministry’s Entrepreneurial Nation platform and will facilitate industry as well as market insights to catalyze and ease the growth of the sector and its stakeholders.
“Fostering the growth of the wider entrepreneurial ecosystem has always been part of our company’s DNA, and, today, we are thrilled to be able to extend our efforts to the UAE F&B sector through our collaboration with the UAE Ministry of Economy. I would like to personally thank HE Abdullah bin Touq Al Marri for his inspiring vision and his trust in Foodics, and I look forward to, together, strengthening the UAE’s status as a destination for global business and entrepreneurship in the F&B sector.”
“The Ministry and Foodics will together promote mutual exchange and cooperation to support SMEs in the F&B sector with services and products geared to expedite their inception and growth by embracing innovation, adapting new technologies, optimizing corporate strategies, and boosting business operations,” as per the statement.