Business & Money | Sunday 5 November, 2017 1:52 am |

As part of its expansion plans in the Kingdom, Saudia Dairy and Foodstuff Company (SADAFCO) has recently announced the construction of new warehouses in Jeddah and Tabuk.

 

The projects, which are forecasted to have a positive impact on SADAFCO’s profits, have an estimated value of SAR 162 million, and will be fully financed by the company’s own resources generated through operations. 

 

“Developing and maintaining our new warehouses across the Kingdom is an important element in the value chain of SADAFCO. Our commitment to constantly deliver an outstanding level of service excellence to our customers, undoubtedly, impacts our robust performance in the market as well as influencing results positively,” said Wout Matthijs, Chief Executive Officer, 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.” 

 

Construction work has already started in Tabuk and Jeddah, and will be completed at the end of 2017 and 2018 respectively. 

 

“The new warehouses will provide long-term infrastructure solutions throughout the value chain, resulting in future cost savings, operational efficiencies and growth opportunities,” added Wout.

 

Further updates on commencement, completion date of the projects and its progress will be announced as and when they occur.