Nestlé plans to invest approximately $2 billion in Saudi Arabia over the next 10 years to grow its longstanding business in the country, beginning with a new $100 million cutting-edge manufacturing plant, which is expected to open in 2025. The site will start by producing Nestlé infant nutrition products and the first regionally manufactured ready-to-drink coffee to be marketed in Saudi Arabia, as well as other countries in the Middle East and North Africa.
Other projects in Saudi Arabia include the establishment of the company’s first regional center with a research and development program, and its first business incubator for small and medium-sized companies and startups. The Nestlé Centre of Excellence, which provides capability building and uplift programs for Saudi talent, also will be expanded. The projects will be implemented in collaboration and partnerships with local authorities and other entities, and are projected to create 3,500 direct and indirect employment opportunities in the country.
|Nestle Opens $340 Million Coffee Plant in Mexico|
“Saudi Arabia is a sizeable market with major potential for growth,” says Yasser Abdul Malak, Nestlé chairman & chief executive officer, Middle East and North Africa. “We look forward to further expanding our presence in the country in ways that align with the Kingdom’s Vision 2030 and create shared value for its people, communities, and our company.”
Nestlé currently has 12 offices and operates seven water factories, employing more than 5,000 people, across Saudi Arabia. The company works locally with more than 2,800 suppliers and over 23,000 retail outlets. Saudi Arabia is a part of the company’s Middle East and North Africa region, which encompasses 24 factories in 19 countries.