Michelin-starred menu at The Globe in Riyadh

Chef Kiko Moya is the owner of two Michelin stars.
Updated 16 January 2019
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Michelin-starred menu at The Globe in Riyadh

Al-Faisaliah Hotel, Riyadh is adding a new level of decadence to the property by introducing a special menu courtesy of Michelin two-star chef Kiko Moya. 

Between Jan. 22-26, diners are in for a treat at The Globe restaurant, Al-Faisaliah Hotel, as Moya jets into town to launch an exclusive pop-up dining experience. Moya, the chef of L’Escaletta, located in Alicante, Spain, is the recipient of two Michelin stars. The celebrated Spanish chef will be hosting two cameo dinners at the Saudi capital’s hotel during this period.

Moya’s father Paco Moya was the co-founder and previous chef in the same restaurant, which is today famed for being one of the best restaurants in Valencia. Moya first joined his family in the kitchen at the age of 14, before stints at El Bulli and El Celler de Can Roca. His menu at Al-Faisaliah Hotel will offer gourmet travelers and Riyadh residents dishes that are “full of delicacy, skill and, above all, traditional Spanish flavors.” 

“Diners at The Globe will now get the opportunity to sample fine Spanish fare without having to hop on an airplane. Located in the spectacular golden sphere that tops Al-Faisaliah Tower, this dramatic three-story dome restaurant offers a unique perspective of the Kingdom’s first city and serves delicious modern European cuisine which can be enjoyed with beautiful panoramic views of the city all coming together to create an unmatched, fine dining experience,” a press release said.

This dining experience promises to be a once-in-a-life-time opportunity for Riyadh residents and visitors alike. Bookings are now open, with prices starting at SR675 ($180) + 5 percent VAT.


Ma’aden acquisition supports Vision 2030

Updated 24 April 2019
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Ma’aden acquisition supports Vision 2030

The acquisition of an African fertilizer distribution company by Ma’aden, the largest Saudi mining company, will advance Ma’aden’s Strategy 2025, which includes plans to expand operations in the Kingdom and grow sales globally. The acquisition will also support Saudi Arabia’s Vision 2030, which seeks to diversify the economy, increase non-oil exports, boost the Kingdom’s non-oil GDP, and reinforce the mining sector as the third pillar of Saudi industry, after oil and gas and petrochemicals. 

Ma’aden will make its first international acquisition with the purchase of the Mauritius-based Meridian Group, which is due to be completed by September for an undisclosed fee.

The publicly-listed Saudi mining company will acquire an 85 percent stake in the company in an all-cash deal that will provide one of the Middle East’s largest phosphate producers with 3,000 staff and a network of operations across southern Africa, from Malawi to Mozambique, Zimbabwe and Zambia. Phosphate is used to produce fertilizer that is essential in replacing the phosphorous mineral that is removed from soil when agricultural crops are harvested. 

“This acquisition marks a very important step in Ma’aden’s strategy to build global distribution channels for our fertilizer products,” said Darren Davis, president and chief executive of Ma’aden. “As we continue to build one of the largest producers and exporters of phosphate fertilizers in the world, ensuring an efficient route to key growth markets is critical to our success.” 

Agriculture forms a significant portion of the economies of all African countries. As a sector, it can therefore contribute to major continental priorities, such as eradicating poverty and hunger. The agri industry can also boost intra-Africa trade and investments, rapid industrialization and economic diversification, sustainable resource and environmental management, and create jobs, human security and shared prosperity.

The Southeast African market, like most of the African continent of 1 billion people, is experiencing increased demand for phosphate fertilizers which industry analysts expect to continue growing by 5 percent annually over the next decade, fueled by population growth and increasing education in the use of fertilizers.

“Ma’aden is acquiring unparalleled access to complementary distribution, blending and product-development capabilities in this fast-growth region,” said Hassan Al-Ali, Ma’aden’s senior vice president for phosphate. “This transaction will provide us with logistics advantages in Southeast Africa, and greater knowledge of on-the-ground customer requirements, both of which will be instrumental in better serving our customers.”

The Saudi global mining giant will secure the remaining 15 percent of Meridian’s equity over four years on agreed terms linked to the performance of the African company, which distributes approximately half-a-million tons of fertilizer through its network of granulation and blending plants, warehousing complexes and port facilities. 

HSBC acted as Ma’aden’s financial adviser on the deal and Baker McKenzie was the Saudi company’s legal adviser for this acquisition.