Saudi Arabia: Nestle to construct $73 million food plant

Nestle, the Swiss consumer goods giant, has signed an agreement with Saudi Authority for Industrial Cities and Technology Zones (MODON) to construct a food manufacturing plant via a 270 million SAR ($72.9 million) investment.

The new plant will cover a site of 117,000 sq m in Jeddah and will fulfil local demand, as well as producing goods for export to other markets in the Middle East and North Africa (MENA).

The factory will have an automated production line equipped with contemporary packaging and filling technologies, alongside a central warehouse, an industrial services building, an advanced laboratory, and an administrative office, creating hundreds of jobs both directly and indirectly.

Commenting on the move, Nestle Saudi Arabia CEO Robert Helou said: “This factory will serve as a blueprint for future investments in the region and is a testament to our commitment to supporting the Kingdom’s goals for economic diversification”.

The new plant is scheduled to be operational by 2025 and will have initial production capacity of 15,000 tons annually.

Source: Nestle / Food Business Africa