Latest news with #Ghitha
Zawya
09-06-2025
- Business
- Zawya
Food park project plans announced in Bahrain
Bahrain - Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa yesterday launched the strategy for the new Bahrain Food Holding Company, (Ghitha), and announced plans for a significant food park project. The initiatives align with directives from His Majesty King Hamad and follow instructions from Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, to bolster national food security. Ghitha, a subsidiary of Bahrain's sovereign wealth fund Mumtalakat, will consolidate the fund's food-related assets. The food park, developed in partnership with Mumtalakat's real estate arm, Bahrain Real Estate Investment Company (Edamah), is projected to be one of the largest in the kingdom's food sector. Shaikh Salman, who also chairs Mumtalakat, emphasised the importance of private sector partnerships in these efforts, stating that Ghitha's strategy aims to build an integrated food ecosystem focused on innovation, increased local production, and sustainable food practices. The food park's first phase will cover an estimated one million square metres, serving as an integrated industrial centre for food production, manufacturing, and distribution. Basim Al Saie, chairman of Ghitha, said the company's vision is to collaborate with both public and private sectors to drive investments, foster innovation, and enhance local capabilities for healthy and sustainable food production. The launch event saw Ghitha unveil its new identity and details of the food park, which is intended to attract future investments and create job opportunities.
Mid East Info
22-05-2025
- Business
- Mid East Info
Ghitha Holding Leverages SAP Business AI for Digital Transformation to Advance UAE Food Security Goals
Ghitha Holding PJSC, a UAE-based diversified conglomerate spanning agriculture, food production, and distribution, a subsidiary of International Holding Company PJSC (IHC), has partnered with SAP to digitally transform core businesses. The announcement was finalized during this week's 'Make it in the Emirates' forum in Abu Dhabi, reinforcing Ghitha's commitment to strengthening the UAE's food security and industrial resilience through advanced technology. 'This is a major step towards future-proofing operations and accelerating our contribution to the UAE's food security agenda,' said Falal Ameen, CEO of Ghitha Holding. 'We are investing in world-class digital infrastructure to make our businesses more agile, more intelligent, and more responsive to the evolving needs of the nation and the region.' The digital transformation modernizes Ghitha's IT landscape, streamline operations, enhances supply chain visibility, and harnesses SAP Business AI to drive smarter decision-making through real-time business insights, predictive tools, and improved workforce planning. These advancements will strengthen Ghitha's ability to anticipate demand, improve traceability, and operate more efficiently, all of which are critical to ensuring a reliable food supply. 'Ghitha Holding is setting a powerful example of how targeted digital investment can unlock long-term strategic value,' said Marwan Zeineddine, Managing Director of SAP UAE. 'By integrating AI, cloud, and planning capabilities, Ghitha is building the digital backbone needed to support national priorities and seize new growth opportunities.' NTT DATA, the global technology and consulting leader, will be carrying out the implementation of the initiative. As part of the collaboration, Ghitha Holding and NTT DATA will also co-develop a pioneering digital solution designed for the consumer-packaged goods (CPG) sector, focused on dairy and poultry. Drawing on deep industry knowledge and technological innovation, this new platform is expected to serve as a regional benchmark and encourage wider digital adoption in the sector. Dr. Bahri Danış – Executive Vice President of NTT DATA META region, commented: 'We are honored to be Ghitha Holding's strategic partner on this journey. This project represents the power of technology when combined with visionary leadership. By joining forces to co-create a CPG-focused solution, we aim to deliver lasting value — not only for Ghitha, but for the wider industry. It is a privilege to support a future-ready organization that is committed to innovation.' The comprehensive SAP digital transformation project will span two years, with the first phase expected to go live around mid-2026.
Al Etihad
22-05-2025
- Business
- Al Etihad
Ghitha Holding leverages SAP business AI for digital transformation
22 May 2025 19:22 ABU DHABI (WAM)Ghitha Holding PJSC, a UAE-based diversified conglomerate spanning agriculture, food production, and distribution, a subsidiary of International Holding Company PJSC (IHC), has partnered with SAP to digitally transform core businesses. The announcement was finalised during 'Make it in the Emirates' forum in Abu of Ghitha Holding, Falal Ameen, said, 'This is a major step towards future-proofing operations and accelerating our contribution to the UAE's food security agenda.''We are investing in world-class digital infrastructure to make our businesses more agile, more intelligent, and more responsive to the evolving needs of the nation and the region.'The digital transformation modernises Ghitha's IT landscape, streamlines operations, enhances supply chain visibility, and harnesses SAP Business AI to drive smarter decision-making through real-time business insights, predictive tools, and improved workforce planning. These advancements will strengthen Ghitha's ability to anticipate demand, improve traceability, and operate more efficiently, all of which are critical to ensuring a reliable food Director of SAP UAE, Marwan Zeineddine, said, 'Ghitha Holding is setting a powerful example of how targeted digital investment can unlock long-term strategic value.''By integrating AI, cloud, and planning capabilities, Ghitha is building the digital backbone needed to support national priorities and seize new growth opportunities.'NTT DATA, the global technology and consulting leader, will be carrying out the implementation of the part of the collaboration, Ghitha Holding and NTT DATA will also co-develop a pioneering digital solution designed for the consumer-packaged goods (CPG) sector, focused on dairy and poultry. Drawing on deep industry knowledge and technological innovation, this new platform is expected to serve as a regional benchmark and encourage wider digital adoption in the Vice President of NTT DATA META region, Dr. Bahri Danış, commented, 'We are honoured to be Ghitha Holding's strategic partner on this journey. This project represents the power of technology when combined with visionary leadership. By joining forces to co-create a CPG-focused solution, we aim to deliver lasting value, not only for Ghitha but for the wider industry. It is a privilege to support a future-ready organisation that is committed to innovation.' The comprehensive SAP digital transformation project will span two years, with the first phase expected to go live around mid-2026.
Al Etihad
17-05-2025
- Business
- Al Etihad
Ghitha Holding to showcase food industry growth at Make it in the Emirates 2025
17 May 2025 15:00 ABU DHABI (WAM)Ghitha Holding PJSC, a subsidiary of International Holding Company PJSC (IHC), and the UAE's diversified conglomerate spanning across agriculture, food production and distribution, will participate in the Make it in the Emirates (MIITE) Forum this year, showcasing its pivotal role in advancing food security and driving industrial growth. Organised by the Ministry of Industry and Advanced Technology (MoIAT), the event will take place from May 19-22 at the ADNEC Centre in Abu a vast number of subsidiaries and associates spanning the entire value chain – from farming, production to trade, logistics, distribution- Ghitha embodies the core ambitions of MIITE 2025 – driving the future of manufacturing in the UAE, accelerating tech-driven innovation, empowering local talent, and expanding cross-border market Najeeb Khoory, Deputy CEO of Ghitha Holding, shared: 'Ghitha Holding is proud to play a leading role at the Make it in the Emirates Forum this year, a gathering where innovation and purpose come together to fuel the UAE's industrial capacity, especially in food manufacturing. Powered by technology, local talent, and a focus aligned with food security, Ghitha has long been devoted to fostering growth that will endure for generations. Joining MIITE reinforces our role as a catalyst in building the future of manufacturing, fully aligned with the UAE's vision for a resilient, diversified, and globally competitive economy.' In line with the UAE's industrial strategy and Abu Dhabi Economic Vision 2030, Ghitha's growing portfolio of dairy and protein companies supports MIITE's efforts to boost local manufacturing and reduce import dependence across vital food sectors.
Mid East Info
16-05-2025
- Business
- Mid East Info
Ghitha Holding Powering UAE's Food Security and Industrial Growth at Make it in the Emirates 2025 - Middle East Business News and Information
Ghitha Holding's AED 9.3 billion asset portfolio (as of 31 Dec 2024) aligns with National Food Security Strategy 2051, Abu Dhabi Economic Vision 2030, and UAE's industrial strategy Abu Dhabi, UAE – May , 2025: Ghitha Holding PJSC, a subsidiary of International Holding Company PJSC (IHC), and the UAE's diversified conglomerate spanning across agriculture, food production and distribution, will participate in the Make it in the Emirates (MIITE) Forum this year, showcasing its pivotal role in advancing food security and driving industrial growth. With a vast number of subsidiaries and associates spanning the entire value chain – from farming, production to trade, logistics, distribution, Ghitha embodies the core ambitions of MIITE 2025 – driving the future of manufacturing in the UAE, accelerating tech-driven innovation, empowering local talent, and expanding cross-border market access. As a vertically integrated powerhouse, Ghitha delivers a seamless supply chain from farm to table, ensuring reliable access to high quality food products for households, hospitality, and retail sectors. This integrated model helped Ghitha execute a stellar financial performance in 2024, posting nearly AED 5 billion in revenue – a robust 9% year-on-year hike. Gross profits soared by 26%, while managed assets surged to AED 9.3 billion, spotlighting the company's rapid expansion and operational fortitude. Issa Najeeb Khoory, Deputy CEO of Ghitha Holding shared: 'Ghitha Holding is proud to play a leading role at the Make it in the Emirates Forum this year; a gathering where innovation and purpose come together to fuel the UAE's industrial capacity, especially in food manufacturing. Powered by technology, local talent, and a focus aligned with food security, Ghitha has long been devoted to fostering growth that will endure for generations. Joining MIITE reinforces our role as a catalyst in building the future of manufacturing – fully aligned with the UAE's vision for a resilient, diversified, and globally competitive economy.' Championing Food Security and Agricultural Self-Reliance: Ghitha's core mandate is to strengthen the UAE's food supply chain – directly aligning with the National Food Security Strategy 2051. Subsidiaries such as NRTC, with a legacy of over 50 years, contribute to the local supply of fresh fruits and vegetables. Mirak, a pioneer in sustainable farming, supplies tones of premium produce through an integrated value chain. Scaling National Production in Dairy, Poultry & Seafood: In line with the UAE's industrial strategy and Abu Dhabi Economic Vision 2030, Ghitha's growing portfolio of dairy and protein companies support MIITE's efforts to boost local manufacturing and reduce import dependence across vital food sectors. Through its extensive network of subsidiaries, Ghitha holds a leading position across the dairy, poultry, and beverage markets in the UAE. Through its subsidiary, Al Ain Farms Group, that unites five renowned UAE companies under one umbrella (Al Ain Farms, Marmum Dairy, Ajban Chicken, Al Jazira Poultry Farm's Golden Eggs, and Saha Arabian Farms), Group supplies more than one-third of the nation's total consumption in these categories, underscoring its critical role in the country's food supply chain. Ghitha serves a significant portion of retail outlets across the UAE, ensuring consistent product availability and contributing to food security. With its portfolio of seafood produced in Asmak state of the art facility, leveraging advanced processing technologies and stringent quality standards, the company ensures the delivery of high-quality seafood to both local and regional markets. Localizing Manufacturing and Igniting Innovation: In support of MIITE's industrial development and innovation agenda, Ghitha is actively expanding the UAE's food manufacturing base and investing in advanced technologies. Abu Dhabi Vegetable Oil Company (ADVOC) is the only edible oil refinery in Abu Dhabi, while International Food Industries (IFI) in Fujairah specializes in high quality convenience foods such as corn, beans and chickpeas. Enabling Trade, Distribution & Supply Chain Efficiency: As MIITE emphasizes integrated value chains and competitive exports, Ghitha's logistics and trading subsidiaries serve as key enablers of trade and market resilience. Zee Stores, a prominent distribution and trading company, serves a variety of consumer, hospitality, and government sectors. Royal Horizon and Overseas Foodstuff Trading supply essential staples and manage institutional food programs.
