SADAFCO announces signing a long-term lease with Modon in Jazan
The agreement aligns with plans to attract investments in the food industry
Saudia Dairy and Food Stuff Company (SADAFCO), a manufacturer, seller, and distributor in the food sector in the Kingdom of Saudi Arabia, announced that it has signed a long-term lease contract with the Saudi Authority for Industrial Cities and Technology Zones (Modon) in the city of Jazan in the South-West of the country for an area of more than 15,000sqm.
The announcement was made during the recently concluded ‘Saudi Food Show’ held in Riyadh. The agreement was signed by Talal Alnounou, Director of Public Relations & Government Relations, SADAFCO, and Majed Rafed Al-Argoubi, CEO, Saudi Authority for Industrial Cities and Technology Zones (Modon).
SADAFCO aims to expand the company’s facilities by establishing a new warehouse in the city of Jazan to meet the increasing demand from its corporate and consumer clients, reduce costs, and raise the efficiency of its supply chains.
Agreement
Talal Alnounou expressed his happiness at announcing the signing of the agreement with Modon to expand the company’s facilities by establishing a new warehouse in the city of Jazan. This initiative aligns with SADAFCO’s strategy to expand within the Kingdom and operate additional locations.
“The agreement signed between the authority and SADAFCO aligns with plans to attract additional investments in the food industry, in line with the goals of the National Strategy for Industry to achieve food security and enhance exports,” remarked Eng. Al-Argoubi.
He added that Modon witnessed significant growth in the number of factories operating in the food industry, reaching 1,300 factories by the end of the first quarter of 2024, representing more than 20% of the total number of factories, which exceeds 6,500.
Additionally, SADAFCO recently opened a new depot in Makkah, covering a total area of 8,000sqm.
