RIYADH — MEFSCO, the joint venture between Arabian Agricultural Services Company (Arasco) and Cargill formed in 2013, has invested SR550 million in expanding its operations in Alkharj, Saudi Arabia. This investment is expected to further bolster the growth of the food manufacturing industry in the Kingdom as a whole, providing a wider range of ingredients to food producers.
To further reinforce its commitment to the Saudi food manufacturing industry, Cargill Foods participated in the Saudi-US Business Opportunities Forum in Riyadh last March 22-23 and Cargill Foods METNA Regional Managing Director Murat Tarakçıoglu pointed out the business and investor-friendly environment in KSA and big potential for growth across all segments not only in the Kingdom, but also in the whole METNA region. The combination of core competencies that both Arasco and Cargill have will generate differentiated food solutions that deliver value for customers in the region for potential business growth.
“The current corn-based starch and sweeteners production capacity of the plant will be tripled with the ongoing investment. With this capacity, MEFSCO will be able to serve domestically as well as to neighboring countries. This will reduce dependency on imports keeping the value-added products and technologies in the Kingdom of Saudi Arabia,” said Tarakçıoglu.
He further 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.”