Supporting the local economy is one of the key pillars to achieving Vision 2030, as it is a step toward building a strong and prosperous society. By choosing local products and services, we contribute to strengthening national identity and supporting the Saudi people, reflecting a spirit of belonging and cooperation in our country.

In this article, we will explore the contribution of the private sector to GDP, how restaurants contribute to driving economic growth, the benefits of collaborating with local suppliers, and effective strategies for boosting the local economy. We will also highlight the role of Fodoo® as a key ally in this transformation.

Join us in this journey to explore how to build a strong and sustainable local economy.

The Importance of the Private Sector’s Contribution to GDP

Supporting the local economy is a vital part of achieving Saudi Arabia’s Vision 2030, which was launched in April 2016 under the leadership of Crown Prince Mohammed bin Salman. This vision aims to diversify sources of income and reduce dependence on oil through the selection of local products and services.

Supporting the local economy not only contributes to economic growth but also strengthens the sustainability of small and medium-sized enterprises (SMEs), which are the backbone of any thriving economy.

For example, when you purchase local agricultural products such as honey and dates, you support Saudi farmers and manufacturers while helping preserve local heritage and culture.

Every riyal spent on supporting local products or services contributes to building a strong and sustainable economy and enhances Saudi Arabia’s resilience in the face of global economic challenges.

How Restaurants Contribute to Economic Growth

Restaurants play a significant role in driving economic growth in Saudi Arabia through their prominent role in several sectors. The value of the food services market was estimated at about $27.18 billion in 2024, and it is expected to grow to $42.48 billion by 2029, with a compound annual growth rate (CAGR) of 8.76% during the period from 2024 to 2029.

According to the International Monetary Fund (IMF) report, restaurants play a key role in:

• Creating Job Opportunities: The restaurant sector is one of the largest employers, providing direct jobs in areas such as cooking, serving, and management, in addition to indirect jobs in the supply and supply chain.
• Stimulating Local Investment: With increasing demand for local food and independent restaurants, investments in infrastructure and services related to the food sector are growing.
• Supporting Local Agriculture and Production: Many restaurants depend on purchasing local products such as meat, vegetables, and honey, which supports farmers and strengthens local supply chains.
• Boosting Tourism: Restaurants, especially those offering distinctive local dishes, attract tourists and contribute to improving the tourism experience and increasing spending in the local economy.

Benefits of Collaborating with Local Suppliers

Supporting local suppliers is a key part of boosting economic growth. Estimates show that 80% of companies and businesses relying on local suppliers have seen improvements in product quality and a 10-20% reduction in costs. Additionally, collaboration with suppliers enhances sustainability and corporate social responsibility, which helps attract customers and increase their loyalty.

Strategies to Boost the Local Economy

Boosting the local economy requires the implementation of multiple strategies that target stimulating production, supporting small enterprises, and improving local investments. Here are some strategies that can contribute to enhancing the local economy:

• Support Local Products: Reflect local heritage in your menu by offering dishes based on local ingredients such as dates and honey.
• Support Local Agriculture: Buy fresh, seasonal products from Saudi farmers.
• Participate in Vision 2030 Initiatives: As part of the Saudi economy, contribute to achieving development goals and enhancing the tourism and entertainment sector in line with the national vision.
• Focus on Local Tourism: With the rise of domestic tourism in Saudi Arabia, offer deals and discounts for Saudi tourists, especially in tourist areas such as Al-Ula, Jeddah, and Riyadh.
• Offer Dishes Inspired by Saudi Heritage: Create meals named after Saudi traditions or include ingredients from various tourist regions.
• Sustainability and Green Energy: Adopting solar energy systems in your restaurant not only reduces long-term costs but also attracts customers interested in sustainability. Use eco-friendly materials such as paper or biodegradable bags to enhance your restaurant’s image.
• Smart Marketing: Utilize platforms like Instagram and Snapchat to creatively showcase your dishes and encourage customers to share their experiences.
• Participate in Major Events: Participate in large events like “Riyadh Season” and “Jeddah Season” to attract new audiences and expand your reach.
• Collaborate with Local Delivery Companies: Partnering with local delivery companies will allow you to reach new customers and boost your sales. Offer free delivery or discounts on takeout orders to attract more customers.
• Improve In-Restaurant Experience: Make your restaurant a comfortable destination by designing decor that reflects local culture with modern touches.

Fodoo®’s Role in the Local Economy

Fodoo® plays a pivotal role in enhancing the local economy by improving the performance of restaurants, expanding their reach, and increasing job opportunities. Here’s how Fodoo® contributes to this goal:

• Enhancing Digital Transformation: Fodoo® enables restaurant owners to move toward smart management and digital transformation, aligning with Vision 2030, which aims to develop non-oil sectors and support local tech companies.
• Creating Job Opportunities: Fodoo® provides comprehensive training for staff, helping to develop the technical and practical skills of workers in the restaurant and café sector. This training boosts local competencies and prepares them for the job market, opening new opportunities for employment and career advancement.
• Supporting Entrepreneurs: Fodoo® enables entrepreneurs to efficiently manage their businesses, whether they own a small restaurant or a large chain, contributing to the growth of startups and driving the Saudi economy.

In short, Fodoo® promotes innovation, supports local businesses, and provides the tools that restaurants and cafés need to thrive in a changing business environment, making it a part of sustainable economic development.

Local Successes

Fodoo® represents a leading model in providing integrated digital solutions for the restaurant sector in Saudi Arabia. Through its smart services that help improve operations and increase operational efficiency, Fodoo® has achieved significant success with many of its clients, helping them improve their services and reach a larger audience.

Fodoo® is not just a restaurant management system; it is a partner in success, contributing to the development of your business and achieving your commercial goals in an effective and sustainable manner.

Conclusion

Let us all be ambassadors for supporting our local economy, making every bite we eat and every product we buy an opportunity to build our nation and strengthen our identity. Together, we can create a bright future filled with hope and prosperity.

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