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FINANCIAL NEWS
Saudi food manufacturing industry to grow at USD 146.6mn
05 May 2016
(MENAFN) MEFSCO, the joint venture between Arabian Agriculture Services firm (Arasco) and Cargill formed in 2013, invested USD 146.6mn in expanding its operations in KSA.
Moreover, Cargill Foods collaborated in the Saudi-US Business Chances Forum in Riyadh, and also emphasized the business and investor-friendly environment in KSA.
Accordingly, MEFSCO will be able to serve locally as well as to neighboring countries, which will cut dependency on imports keeping the value added products in the kingdom.
The kingdom will make unique value by concentrating on cost effectiveness, producing best in class products at low cost at the newly invested production facility.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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