Tanmiah Food Company signs MoU with Big Idea Ventures to advance Saudi Arabia’s 2030 food security agenda

Tanmiah Food Company, one of Saudi Arabia’s leading vertically integrated poultry and food producers, has signed a memorandum of understanding (MoU) with Big Idea Ventures (BIV), a global venture capital firm specialising in food, agriculture, and alternative protein technologies.

The MoU, signed at the recent US–Saudi Investment Forum in Washington, reflects the growing depth of economic cooperation between Saudi Arabia and the United States. It establishes a framework for joint initiatives supporting the Kingdom’s Vision 2030 food security goals, with a focus on strengthening the red-meat supply chain and developing sustainable alternatives to imported feed ingredients.

Advancing Saudi-US agricultural cooperation

Under the agreement, Tanmiah and BIV will identify opportunities to acquire equity interests in established US red-meat producers, subject to financial, legal, and operational due diligence. The partnership will also explore upstream opportunities such as feedlots, breeding herds, and supporting infrastructure to enhance the resilience and sustainability of Saudi Arabia’s red-meat sector.

The collaboration further includes the development of a local agricultural ecosystem dedicated to cultivating sustainable feed ingredients. This initiative aims to reduce reliance on imported feedstocks and support more resilient, cost-efficient poultry and dairy production systems.

Zulfiqar Hamadani, CEO of Tanmiah Food Company, said: “Our collaboration with Big Idea Ventures brings global expertise into the Kingdom at a time when demand for sustainable, local solutions is rapidly growing.

“The partnership will enable access to new sources of capital as well as multiple M&A opportunities in the US market. Together, we aim to build a stronger red-meat value chain, accelerate sustainable feed alternatives, and unlock long-term investment that supports Tanmiah’s strategic goals.”

Zein Attar, Managing Director and CHRO at Tanmiah, added: “This agreement reflects our support for Vision 2030’s mission to build a more secure, innovative, and self-reliant food ecosystem. By partnering with Big Idea Ventures, we are creating a platform that blends international best practice with Saudi Arabia’s fast-growing agricultural capabilities and wider economy.”

Andrew D. Ive, General Managing Partner of Big Idea Ventures, said: “Saudi Arabia is emerging as one of the most dynamic markets for food-tech and sustainable agriculture. This agreement allows us to bring innovation, investment, and global best practice into solutions that strengthen the Kingdom’s food-security agenda.”