https://arab.news/9qd2w
- New facility will be located on a 117,000 sq. meter site in Jeddah鈥檚 Third Industrial City
- Slated to open in 2025, the plant represents an initial investment of $72 million
JEDDAH: Swiss food and beverage company Nestle has signed an agreement to establish its first manufacturing plant in 抖阴短视频.
The new facility will be located on a 117,000 sq. meter site in Jeddah鈥檚 Third Industrial City.
The Saudi Authority for Industrial Cities and Technology Zones, also known as MODON, announced the agreement, which was formalized in the presence of 抖阴短视频鈥檚 Minister of Industry and Mineral Resources Bandar Alkhorayef, who also serves as MODON鈥檚 chairman.
The signing ceremony, held on Sept.15 in Jeddah, was also attended by Majed Al-Argoubi, CEO of MODON, and Robert Helou, CEO of Nestle 抖阴短视频, according to the Saudi Press Agency.
Slated to open in 2025, the plant represents an initial investment of SR270 million ($72 million). The project is set to enhance local production capabilities, contribute to sustainable food security in the Kingdom, and meet local demand while enabling exports to other Middle Eastern and North African markets.
The initiative aligns with 抖阴短视频鈥檚 broader efforts to improve food security by diversifying and localizing food sources and reducing import dependency. In support of the National Industrial Strategy, MODON is advancing the food sector through the development of industry clusters in Jeddah鈥檚 second and third industrial cities, aimed at strengthening supply chains and boosting exports.
With an initial production target of 15,000 tonnes annually, the plant is expected to foster growth in the region鈥檚 food manufacturing industry. The factory will focus on producing food for children and will feature an automated production line with advanced packaging and filling technologies operated by highly skilled local professionals.
The project is anticipated to create hundreds of direct and indirect jobs and will include a central warehouse, an industrial services building, an advanced laboratory, and an administrative office.