Foodics signs US$10M agreement with AWS to accelerate AI-driven growth in food, hospitality

MIDDLE EAST – Foodics, the leading cloud-based restaurant operations and financial management platform in the Middle East, has entered a strategic commercial agreement valued at US$10 million with Amazon Web Services (AWS) to boost AI innovation and cloud infrastructure expansion.

This partnership will empower Foodics to leverage AWS’s scalable, secure cloud computing backbone to integrate AI at the core of its SaaS restaurant management solution.

Foodics plans to roll out AI initiatives including predictive demand forecasting, intelligent inventory management, dynamic pricing, and AI-powered recommendations, helping restaurants optimize operations and improve financial performance.

Ahmad AlZaini, CEO and co-founder of Foodics, emphasized that the cloud and AI infrastructure provided by AWS will allow the company to double down on predictive analytics, moving beyond simple add-ons to embed these capabilities into the foundation of restaurant management.

This will enable operators to make data-driven decisions and unlock advanced functionalities that redefine operational and financial management across restaurants of various scales.

Amr Masri, AWS Country Leader for Saudi Arabia, highlighted that this agreement underscores the significant impact cloud computing and AI have in transforming the hospitality sector.

AWS is proud to support Foodics in accelerating its AI-driven solutions, ensuring restaurants operate more efficiently while gaining superior financial control.

Founded in 2014 and licensed as a fintech by the Saudi Central Bank (SAMA), Foodics serves over 40,000 merchants in Saudi Arabia, the UAE, and Egypt.

It integrates point-of-sale, payments, and operational management services and has raised over US$198 million from investors including Prosus Ventures.

This collaboration aligns with Saudi Arabia’s Vision 2030 strategy emphasizing digital transformation and fintech adoption to diversify the economy.

Foodics’s AI-powered platform will help reduce food waste, optimize pricing, improve inventory accuracy, and enhance customer retention, offering restaurant operators a competitive edge.

The AWS-Foodics partnership symbolizes a leap forward in the MENA food and hospitality sector, showcasing how cloud and AI technologies can be harnessed to elevate operational efficiency and financial performance in this dynamic industry.

Foodics is revolutionizing the food and beverage industry with its comprehensive restaurant management platform.

Designed to simplify operations for restaurants and cafes of all sizes, Foodics delivers seamless integration of sales, inventory, and financial management.

Powered by AI, it offers predictive analytics, dynamic pricing, and intelligent inventory solutions, helping businesses boost efficiency and profitability. Trusted by thousands of merchants across the Middle East, Foodics is the ultimate partner for modern hospitality success.

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