Al Menu Secures 38M SAR to Transform Saudi Restaurant Industry

by | Oct 4, 2024 | Startups News | 0 comments

Al Menu, a Saudi company specializing in restaurant operational solutions, raised 38 million Saudi Riyals (USD 10.3 million) in a recent funding round led by Al Majdiah Investment. The company will use this funding to expand and cement its position in Saudi Arabia’s fast-growing hospitality sector.

Aligning with Vision 2030

This investment aligns with Vision 2030, the Kingdom’s strategic plan to diversify its economy. The initiative focuses on strengthening non-oil sectors, including hospitality. With the newly raised capital, Al Menu plans to streamline restaurant operations by offering advanced tools that lower costs and improve workforce efficiency.

Driving Efficiency in Restaurant Operations

Al Menu’s CEO, Mamdoh Ali, expressed the company’s mission to deliver scalable and efficient solutions. These tools are designed to help restaurants reduce costs and enhance operational management. As a result, this will positively affect the hospitality industry, which is a key part of Saudi Arabia’s economic transformation.

Supporting Vision 2030 Goals

Nasser Al Majid, CEO of Al Majdiah Investment, highlighted that this investment supports Vision 2030’s focus on hospitality. By improving operational efficiency, Al Menu contributes to making Saudi Arabia’s restaurant industry more attractive to investors.

In conclusion, Al Menu’s innovative solutions will help the company play a significant role in shaping the future of Saudi Arabia’s restaurant industry. As the sector grows, the company’s approach will likely attract more investment, driving both economic growth and the realization of Vision 2030.

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