Siniora Food Industries Company – Saudi Arabia signs a strategic agreement with the MODON

Siniora Food Industries Company – Saudi Arabia signs a strategic agreement with the MODON

JEDDAH, Saudi Arabia /PRNewswire/ -- As part of Siniora Food Industries Company's strategic plan and its efforts to expand in regional and international markets, Mr. Tarek Omar Aggad, chairman of the Board of Directors of Siniora Food Industries Company- Saudi Arabia, a subsidiary of Siniora Food Industries Company - Jordan, signed an agreement with Engineer Majid bin Rafid Al -Arqoubi, CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON) that will see MODON allocate a piece of land with an area of 25,000 square meters for long-term use in the second industrial area in Jeddah, Saudi Arabia for Siniora to build a factory to produce all types of cold cuts and frozen meat. The estimated cost of this investment is about 140 million Saudi riyals, equivalent to USD 37 million. This announcement was made during Siniora's participation in the Gulfood exhibition, the largest annual food and beverage sourcing event in the world, held in Dubai between February 20 and February 24, 2023.

Eng. Al-Arqoubi welcomed the partnership, which will enable Siniora to establish its first factory in Saudi Arabia. He added that this aligns with MODON's efforts to contribute to enhancing food security and engaging with the Kingdom's