Operations & Public Good Services ARDCO is the main operator of fresh produce markets , the Public Transportation Center , and the AlTameer International Car Auction. The fresh produce market is a fast growing global sector. Within a local context , we are expected to see the sector grow 6.8% annual by 2026 as we experience continuing significant support through government initiatives under the leadership of the Ministry of Environment , Water , and Agriculture , as well as the inevitable increase in fresh produce consumption with the increase of Riyadh’s population. As a result , ARDCO has sought to identify the best global practices in order to adopt the most effective approach in achieving operational excellence in this vital , everchanging sector. We will also use our deeply rooted experience in this sector to identify and take advantage of key opportunities within the fresh produce value chain to expand our business in a sector that constitutes over 60 Bn SAR annually and sees 60% of its activities in the Kingdom run through ARDCO’s very own AlAziziyah Fruits & Vegetables Market. Shifting our focus to the car auction , where there is a car market that is increasing at a rate of 4% annual from 2021 to 2027 globally. This is due largely to a rise of the global middle class , ease of market entry and operations through digitization , and a vehicle supply shortage as a result of worldwide supply chain challenges. Locally , we expect to see the Saudi used car market to show accelerated growth at 5% annual by 2027 . Saudi growth is outpacing this because of an increase in car ownership , the new influx of female drivers , increased demand in transportation , and the increase of new workforce in the country. Many also view the omittance of VAT from car sales between individuals as a boost to the current used car market. Consequently , ARDCO seeks to utilize its pioneering position in this market
01. Fresh Produce Sector [AlAziziyah Fruits & Vegetable Market] In 1998 , ARDCO began developing the market on around 274 , 000 m2 of company-owned land in AlAziziyah , Riyadh. The market is considered to be among the largest in fresh produce wholesale in the Middle East. It plays a key role in food security in the Kingdom through providing all markets with both local and imported fresh produce , while also exporting to neighboring markets.
Adopting a new organizational structure to manage our markets and attracting top talent.
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to improve its efficiency in operations and maximize returns. Operation & public good service projects are as follows:
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Improving and renovating our facilities and cold storage facilities.
Alignment with government authorities responsible for public good services and cooperating with them across multiple initiatives, including Saudization and shifting to an electronic payment system.
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01 Fresh Produce
Consolidating relationships with traders and dealers in the market by periodically holding meetings to receive feedback and implement suggestions.
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Studying the market’s current master plan in order to improve operational capacity.
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02 AlTameer Center
Establishing global partnerships to identify best practices and transfer knowledge.
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03 AlTameer International Car Auction
Working to establish sustainability principles, raise quality standards, and further support local produce.
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Developing operational systems to keep pace with market demands and linking them with financial, regulatory, and governmental systems.
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