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  • SAUDI ARABIA BREAKING NEWS

Nestle To Invest $1.86 Bln In Saudi Arabia Over 10 Years - Ministry




PARIS, France - Nestle will invest 7 billion Saudi riyals (1.86 billion) in Saudi Arabia over 10 years, the kingdom's investment ministry said on Twitter on Wednesday.


The ministry added it signed a memorandum of understanding with Nestle in the field of food industries saying it includes establishing a factory and a research and development centre.


The company plans an initial investment of $375 million riyals in Saudi Arabia, it said.



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