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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.
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