In its bid to expand in the kingdom, Saudia Dairy and Foodstuff Company (Sadafco) has announced that two new warehouses are being built in the cities of Jeddah and Tabuk. The projects, which are expected to have a positive impact on the companys profits, have an estimated value of SR162 million ($43.2 million).
Sadafco will fully fund the projects with its own resources generated through operations. The company has already started building work on both the projects. The one in Tabuk will be completed by the end of 2017 year, while the Jeddah warehouse will be ready in 2018.
CEO Wout Matthijs said,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. 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.
He added, The new warehouses will provide long-term infrastructure solutions throughout the value chain, resulting in future cost savings, operational efficiencies and growth opportunities. Further updates on commencement, completion date of the projects and its progress will be announced as and when they occur."
Sadafco will fully fund the projects with its own resources generated through operations. The company has already started building work on both the projects. The one in Tabuk will be completed by the end of 2017 year, while the Jeddah warehouse will be ready in 2018.
CEO Wout Matthijs said,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. 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.
He added, The new warehouses will provide long-term infrastructure solutions throughout the value chain, resulting in future cost savings, operational efficiencies and growth opportunities. Further updates on commencement, completion date of the projects and its progress will be announced as and when they occur."