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Driven by its efforts to support entrepreneurship in the food sector, Riyadh Holding Company announced the signing of a cooperation agreement with Hungerstation to launch the \u201cHungerstation Innovation Hub\u201d within the Al Tahlia Oasis – FoodSphere, a pioneering first phase of the Riyadh Oases project. The hub will offer a range of advanced digital solutions to boost operational efficiency for start-up restaurants and contribute to the future of the Kingdom’s F&B sector.<\/p>\n
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The agreement was signed by Eng. Assim Al Suhaibani, CEO of Riyadh Holding, and Eng. Ali Al Damanhori, CEO of Hungerstation, on the sidelines of the opening ceremony of Al Tahlia Oasis \u2013 Foodsphere. It underscored the parties\u2019 commitment to fostering innovation, supporting industry entrepreneurs, and creating a sustainable and competitive environment in the food sector.<\/p>\n
Inaugurated on Monday 10 March, the HungerStation Innovation Hub comes as part of the parties’ efforts to support start-up restaurants with advanced data-based and AI-driven technology and consulting solutions that improve operational efficiency and enhance business opportunities for local restaurants.<\/p>\n
Eng. Assim Al Suhaibani, CEO of Riyadh Holding, said: \u201cFollowing the successful launch of Foodsphere Oasis, we look forward to partnering with HungerStation to help kickstart the Innovation Hub to identify the needs and address the challenges and requirements of entrepreneurs in this field. The Innovation Hub will have an impact on local and regional industries. This step highlights growth in the food industry and represents a promising opportunity to invest in the sector. At Riyad Holding, we look forward to driving innovation further through this interactive partnership with the community to enhance the quality of life of city residents.\u201d<\/p>\n
Eng. Ali Al Damanhori, CEO of Hungerstation, said: \u201cLaunching the HungerStation Innovation Hub marks a pivotal milestone towards supporting entrepreneurship in the F&B sector. It aims to empower startups through digital and technology solutions, improve delivery efficiency, and enhance customer experience. Partnering with Foodsphere opens new prospects for the development of the sector, supports the local economy, and contributes to achieving the objectives of Saudi Vision 2030 by creating an innovative and sustainable business environment.\u201d<\/p>\n
The HungerStation Innovation Hub is an integrated platform that offers entrepreneurs access to the latest digital tools and the expertise of industry professionals, helping to foster the growth of startups in a rapidly growing sector. Furthermore, the project will stimulate innovation, support food sustainability, and boost the local economy to position the Kingdom as a leading innovation center in the F&B sector.<\/p>\n
In addition to offering operational space, the hub extends specialized training programs in data analysis, cost management, and menu development, as well as workshops and advisory sessions in collaboration with food and technology experts to enable startups to achieve sustainable success.<\/p>\n
The F&B sector is one of the fastest growing sectors in the Kingdom, currently valued at $23.48 billion and expected to reach $27.83 billion by 2029.<\/p>\n
Riyadh Holding Company is a pioneer in real estate development. It has been committed to providing innovative solutions for public benefit projects in the Riyadh region for four decades. The company focuses on enhancing the quality of life for residents, and boosting the city\u2019s prosperity by prioritizing service projects, activating public spaces and parks, and improving logistics and mobility services.<\/p>\n","protected":false},"excerpt":{"rendered":"
Driven by its efforts to support entrepreneurship in the food sector, Riyadh Holding Company announced the signing of a cooperation agreement with Hungerstation to launch the \u201cHungerstation Innovation Hub\u201d within the Al Tahlia Oasis – FoodSphere, a pioneering first phase of the Riyadh Oases project. The hub will offer a range of advanced digital …<\/p>\n","protected":false},"author":2,"featured_media":111343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[439],"tags":[],"class_list":["post-111342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news"],"yoast_head":"\n