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Saudi Arabia: SADAFCO to construct warehouses worth $43m
(MENAFN) New warehouses in Jeddah and Tabuk are set to be built, as declared by Saudia Dairy and Foodstuff Company (SADAFCO).
In a statement, it was confirmed that the plans' projected worth is to reach $43.2 million as the company's own resources are to entirely fund the projects.
The statement also added that in Tabuk and Jeddah, construction labor is already in place as its estimated conclusion is to take place at the end of 2017 and 2018 respectively.
SADAFCO CEO Wout Matthijs stated "developing and maintaining our new warehouses across the kingdom is an important element in the value chain of SADAFCO. We want to further strengthen our growth path and performance in our industry and our new warehouse will help deliver this, as we will enhance servicing both the eastern and western provinces of the kingdom."
In a statement, it was confirmed that the plans' projected worth is to reach $43.2 million as the company's own resources are to entirely fund the projects.
The statement also added that in Tabuk and Jeddah, construction labor is already in place as its estimated conclusion is to take place at the end of 2017 and 2018 respectively.
SADAFCO CEO Wout Matthijs stated "developing and maintaining our new warehouses across the kingdom is an important element in the value chain of SADAFCO. We want to further strengthen our growth path and performance in our industry and our new warehouse will help deliver this, as we will enhance servicing both the eastern and western provinces of the kingdom."
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