Saudi investment ministry signs $1.86 bn deal with Nestle to invest on food industries over 10 years

- Advertisement -

RIYADH: Saudi Arabia’s Ministry of Investment signed an MoU to establish a cutting-edge manufacturing site, a research and development program in the Kingdom and Nestle’s first business incubator and upliftment program for Saudi talent.
Nestle will invest SR7 billion ($1.86 billion) in Saudi Arabia over 10 years, the kingdom’s investment ministry said on Twitter on Wednesday, adding the company plans an initial investment of SR375 million in the country. 
More to follow…


Recent Articles

Related Stories