Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Zad National to build sweets factory at KAEC  Join our daily free Newsletter

MENAFN - Arab News - 30/08/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) King Abdullah Economic City (KAEC) recently announced a new land plot signing with Zad National Ltd. for the purchase of 22000 sqm in KAEC's Industrial Valley-phase 1 to build a manufacturing facility for the production of various types of sweets. The contract was signed by Prince Abdullah bin Saud bin Mohammed bin Abdulaziz chairman of the board of Al-Ahlam Holding Group and ZAD National Company and Rayan Qutub COO of the Industrial Valley in KAEC.

Following the signing the prince expressed his pride in supporting the city's economic development and contributing to achieving its vision and objectives noting that the new industrial establishment for Zad National will manufacture traditional Turkish sweets and coffee as well as producing various types of chocolate oriental and Western desserts under the internationally known MADO brand.

The prince said: "We are looking forward to start the construction of the plant as soon as possible to expand our business and strengthen our partnership with MADO in order to provide local consumers and export to neighboring countries with high quality products.'

Adding his comments Fahd Al-Rasheed MD and CEO of KAEC said: 'The investments demand in the city is experiencing a noticeable increase and we are receiving special attention from local investors which reinforces KAEC's socioeconomic role and strengthens our commitment to providing employment opportunities for the next generation of national cadres and housing solutions with comprehensive integrated public services."

He added: "We have made great efforts to secure a modern infrastructure that supports the requirements of current and future investors in the Industrial Valley as part of our constant effort to advance the position occupied by KAEC as a major destination for investment especially in the FMCG sector and logistics services in the region."

Qutub expressed his pride at the accelerated pace of selling and leasing lands in the Industrial Valley.

 


Arab News




  MENA News Headlines
 Oct 26 2014 - Kerala nurses want to return to IraqThe Peninsula
(MENAFN - The Peninsula) Kerala nurses who have a valid work visa for Iraq are urging the state government to arrange for their return to that country to join duty. These nurses were in India on ...

 Oct 26 2014 - Blast injures three UN peacekeepers in northern MaliSaudi Press Agency
(MENAFN - Saudi Press Agency)  Three United Nations peacekeepers were injured in northern Mali on Saturday when a blast struck their convoy near the northern desert town of Kidal, the U.N. mission ...

 Oct 26 2014 - Afghan President Performs Umrah RitualsSaudi Press Agency
(MENAFN - Saudi Press Agency)  Afghan President Dr. Ashraf Ahmad performed here today Umrah rituals.Upon arrival, he was received by a number of officials. ...

 Oct 26 2014 - Minister of Foreign Affairs Makes Telephone Call with Egyptian Foreign MinisterSaudi Press Agency
(MENAFN - Saudi Press Agency)  Prince Saud Al-Faisal, Minister of Foreign Affairs, made today a telephone call with Egyptian Foreign Minister Samih Shukri.During the telephone conversation, Prince ...

 Oct 26 2014 - Saudi Abdul Latif Jameel League Results and Standings 2Saudi Press Agency
(MENAFN - Saudi Press Agency)  ------------ P - W - D - L - Pts1 Al-Shabab ---- 8 - 7- 1 - 0 - 222 Al-Nassr ----- 8 - 7 - 0 - 1 - 213 Al-Ittihad ---- 8 - 7 - 0 - 1 - 214 Al-Ahli ------ 8 - 5 - 3 - 0 ...

 Oct 26 2014 - French Ligue 1 results and standings =Saudi Press Agency
(MENAFN - Saudi Press Agency)   Results and standings French Ligue 1 (kick-off times in GMT), according to dpa:Matchday 11:Friday, October 24:Toulouse 0 Lens 2Saturday, October 25:Paris Saint Germain ...

 Oct 26 2014 - Wanderers edge Al Hilal in ACL final first legThe Peninsula
(MENAFN - The Peninsula) Australia's Western Sydney Wanderers beat Saudi Arabia's Al Hilal 1-0 to seize the early advantage in the two-leg AFC Champions League final in Sydney yesterday.Substitute ...

 Oct 26 2014 - Asian Cup 2015: Qatar to set up base in CanberraThe Peninsula
(MENAFN - The Peninsula) Qatar football team will set up their base in Canberra ten days before the kickoff of the AFC Asian Cup 2015, an official of the Qatar Football Association (QFA) said ...

 Oct 26 2014 - Qatar- Al Gharafa storm to victory, Al Ahli trounce Al Wakra in QSLThe Peninsula
(MENAFN - The Peninsula) An injury time goal from Moayad Hassan Fedaily helped Al Gharafa edge El Jaish 2-1 in the ninth round match of the Qatar Stars League (QSL) here yesterday.Fedaily had ...

 Oct 26 2014 - Qatar- GWC posts 36.8pc rise in Q3 profitThe Peninsula
(MENAFN - The Peninsula) Gulf Warehousing Company (GWC) yesterday reported a net profit of QR102.4m ($28.1m) for the third quarter (Q3) of 2014, registering a remarkable 36.8 percent growth ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help