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FINANCIAL NEWS
UAE’s NFPC signs 50-year contract
24 Feb 2014
(MENAFN) UAE-based National Food Products Company (NFPC) plans to invest USD408 million in Abu Dhabi’s Khalifa Industrial Zone Abu Dhabi (Kizad), according to Arabian Business.
The plan came after the signing of a 50-year agreement on Sunday.
NFPC owns market-leading brands such as Oasis, Blu, Milco, Lacnor and Gulf & Safa.
The company will buy more than eight million square feet of prime industrial land.
Khaled Salmeen, CEO, Kizad, said: “Kizad and NFPC are delighted to announce the signing of this agreement. NFPC, a food production company which ranks in the top five in the GCC, has chosen Kizad as their next location for its biggest, state of the art food production facility.”
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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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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