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  • 30-05-19

    Saudi Arabia seals deal to set up 2 food factories

    (MENAFN) A couple of food plants will be constructed in Saudi Arabia under an agreement sealed between the Saudi Authority for Industrial Cities and Technology Zones (Modon) and the Kuwaiti Al Shaya Group.

    Under the deal, the first specialized factory is decided to be set up for Industry and Business Station in Sadir, with the second to be built in 1st Industrial City located in Jeddah.

    Both sides also decided that the two factories will be established covering an area of more than 34,000 square metres and produce 10,000 tonnes.

    Likely to be concluded within three years, the expense of the projects is estimated at around SAR 200 million.

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