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FINANCIAL NEWS
UAE’s Delta Food to invest USD10m in expansion projects
17 Jul 2014
(MENAFN) Delta Food Industries FZC, a leading food company operating in the zone, plans to invest USD10.88 million in expanding its factories over an area of 110,000 square feet, according to the Emirates 24/7.
The plan aims to develop operations and increase the company”s food exports to Middle Eastern and African markets, thanks to the impressive success it has achieved in these regions.
The expansion works are expected to be completed within 12 months.
The investment contract was signed by Saud Salim Al Mazrouei, Director of Saif Zone, and Shiraz Osman, Director and founder of Delta Industries, in the presence of a number of officials from both sides.
Al Mazrouei said: “We are proud of having Delta Industries in the zone because it is one of the leading companies in the field of food manufacturing and packaging, and it has proven in the past three years that it is one of the most successful companies in the canned food sector. Today, Delta Industries confirms once again its success by increasing its investment by Dh40 million.”
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