Nestle to build first food factory in Saudi Arabia with $72M investment
The Swiss food and beverage firm is investing an initial 270 million riyals in the project, according to the Saudi Press Agency.
Swiss food and beverage giant Nestle will build its first food factory in Saudi Arabia, according to a report published on Sept. 15.
Slated to open in 2025, the new 117,000-square-meter site will be in Jeddah’s Third Industrial City.
Nestle is investing an initial 270 million riyals ($72 million) in the project, according to the Saudi Press Agency.
The deal was announced at a signing ceremony in the port city, which was attended by Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef, who is also chairman of the Saudi Authority for Industrial Cities and Technology Zones (MODON), SPA reported.
