| | OCTOBER 20238IN FOCUSBLUENALU BOLSTERS PARTNERSHIP WITH SEAFOOD FIRMS IN APAC REGIONSAUDI TOURISM AUTHORITY PARTNERS WITH HUAWEI TO BOOST CHINESE TOURISMBlueNalu, a global pioneer in the production of cell-cultured seafood, has announced the extension and strengthening of strategic alliances with three international seafood industry giants based in the Asia-Pacific (APAC) region. These collaborations will help BlueNalu launch cell-cultured seafood in a number of APAC countries in the next years by generating market insights, addressing regulatory needs, and establishing go-to-market strategies.The expanded collaborations include independent Memorandums of Understanding (MOU) with Mitsubishi Corporation in Japan, Pulmuone Co. Ltd. in South Korea, and Thai Union in Thailand, each of whom boasts a rich legacy and strong presence in the global seafood sector, as per businesswire.The three main areas of collaboration in BlueNalu's strategic alliances with these industry heavyweights are: facilitating thorough market research to understand consumer preferences, emerging trends, and evolving market dynamics; identifying and understanding the regulatory requirements specific to each market to hasten the process of obtaining approvals and certifications required for the distribution of BlueNalu's products; and developing market entry, distribution, and sales strategies.BlueNalu has consistently distinguished itself via scalable technology and a culinary and market-driven focus on premium foodservice options in both sushi and fine-dining establishments. The high-value toro component of bluefin tuna, which is widely sought after in Asia and consumes more than 80% of the projected worldwide supply, is the company's initial product under development. Bluefin tuna is in short availability, has very varied quality and sensory qualities, and has experienced severe losses in fish supplies owing to factors such as overfishing and illicit, unregulated, and unreported (IUU) fishing. The Saudi Tourism Authority has cooperated with Huawei Mobile Services and its advertising department, Petal Ads, in order to improve the experience for visitors and increase Chinese trips to Saudi Arabia. A memorandum of agreement was inked during the Approved Destination Status launch event in Beijing, cementing the partnership.The agreement was signed by Fahd Hamidaddin, CEO of the Saudi Tourism Authority, and Walter Ji Rengui, president of Huawei Consumer Cloud Service Global Ecosystem Development & Operations. The major goal of this partnership is to alter how visitors see Saudi Arabia through digitizing travel services, with a particular emphasis on recruiting Chinese tourists.Choon Yang Quek, chief technology officer at the STA, stated: "The partnership with Huawei Mobile Services and Petal Ads is part of Saudi's innovative approach to marketing tourism and enhancing visitor experiences." He added: "By joining forces with Huawei, known for its strong consumer connections, and combining it with Saudi's commitment to visitor satisfaction, we can now reach new audiences more effectively through established Huawei channels and gain deeper insights into Chinese travelers to tailor their Saudi journeys." This agreement reflects the ongoing partnership between the two entities and their shared dedication to showcasing Saudi Arabia as a dynamic destination to Chinese audiences, as per arabnews.Alhasan Al-Dabbagh, president of Asia-Pacific markets at the STA, said: "By incorporating Huawei's cutting-edge technology into the travel experience, we can leverage established channels to reach a wider audience and gain a deeper understanding of potential visitors."
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