27-28 Mar, 2017 - Dubai, U A E
Radisson Blu Hotel, Dubai Deira Creek
Radisson Blu Hotel, Dubai Deira Creek
Arabian Agricultural Services Company (Arasco) and Cargill formed a joined venture in 2013 – MEFSCO. MEFSCO is now expanding its operations with investments of SR550 million in Alkharj, Saudi Arabia.
MEFSCO plans to tap the growing food manufacturing industry in Saudi Arabia with its wide range of ingredients to food producers. MEFSCO’s plans to triple the corn-based starch and sweeteners production capacity of its existing plant with the new investment. The expanded capacity can enable MEFSCO to cater to both customers in the Kingdom as well as other countries in MENA. MEFSCO expects the expansion to help reduce dependency on imports.
MEFSCO is positive on Saudi Arabia’s investor-friendly business environment as well as for the entire MENA region for the growth of the food manufacturing sector. Arasco and Cargill have teamed up to offer differentiated food solutions for customers in the region.
Cargill Foods METNA Regional Managing Director Murat Tarakçıoglu said “we will create distinctive value by focusing on cost effectiveness, producing best in class products at low cost at the newly invested production facility in Saudi Arabia, continuous product supply and supply-chain solutions, innovation and total solution offering via providing Cargill product portfolio including technical service and application expertise.”
More about starch and food manufacturing activities in MENA will be discussed at 2nd Starch World Dubai on 27-28 March, 2017 in Dubai.
Find out more from Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113.
