Al-Jasser: work is underway to restructure and develop aviation infrastructure    Diriyah to host third IMFC Deputies meeting under Saudi chairmanship    15,135 decisions taken to penalize Saudis and expats for violations    Saudi-European Parliamentary Friendship Committee discusses cooperation during Strasbourg visit    Saudi stock market loses half a trillion riyals, with Aramco's losses amounting to SR340 billion Tariff turmoil rattles Gulf markets    KAU to host Digital Communication Conference in Jeddah from April 29 to May 1    TGA: Riyadh tops with 45% of 290 million orders delivered in 2024    Aja and Salma mountains draw nature lovers to Hail's rugged landscapes    US revokes all visas for South Sudanese nationals over deportation dispute    Death toll from Myanmar earthquake rises to 3,471    Macron to hold Gaza summit with Egypt and Jordan in Cairo    Benzema rescues Al Ittihad with stoppage-time equalizer in thrilling Jeddah Derby    Al Qadsiah and Al Ettifaq share spoils in tense Eastern Derby stalemate    Moussa Diaby praises Al Ittihad's resilience after Jeddah Derby draw "When you can't win, you take a point"    Saudi assistant referee Iman Al Madani joins AFC elite list for 2025    Riyadh Art Week launches with over 50 galleries showcasing global artistic dialogue    Turki Al-Sheikh announces five new Saudi film projects to be produced in Riyadh    Saudi Ministry of Education to showcase innovations at 2025 Geneva International Exhibition    Ed Sheeran weaves Persian music into new song, Azizam    Veteran Bollywood actor Manoj Kumar dies at 87    Screen time in bed linked to insomnia, study finds    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Golden Tuna to build first Saudi plant at KAEC
Published in The Saudi Gazette on 31 - 05 - 2016

King Abdullah Economic City (KAEC) has leased a 35,906 square meter parcel of land in Phase 3 of its Industrial Valley to Golden Tuna, highlighting its continued success in attracting national and foreign investment capital.
The company will use the land to build a tuna production facility. Construction is scheduled to begin later this year, with production set to begin by the beginning of 2018 for sales in the Saudi, GCC and Egyptian markets.
Golden Tuna is investing in KAEC's Industrial Valley in order to boost its production capacity and expand into global markets, following the company's dramatic growth in sales, production and manpower this year.
"The eagerness of national and international corporations to invest in KAEC is proof positive that we are well on our way to achieving our strategic objective of making the Industrial Valley the region's manufacturing and logistics hub," said Fahd Al-Rasheed, Group CEO and Managing Director of KAEC. "The economic city has a unique set of compelling advantages, including a world-class infrastructure, advanced public services, efficient logistics, social, commercial and industrial facilities, and a giant global seaport, all of which have made it the go-to place in which to invest, live and work. The city is fully equipped to become the dynamic center of Saudi Arabia's non-petroleum economy, which will put the Kingdom in a position of power among the world's 20 biggest economies. Our city actively succeeds in meeting the needs of all the industries we target."
Dr. Khaled Khalil, General Manager of Golden Tuna, said the company's decision to invest in KAEC's Industrial Valley is part of its plans to expand into global markets and increase its investments in the GCC and Egypt.
"Our decision to manufacture at the Industrial Valley came after we explored all possible investment opportunities and studied KAEC's existing achievements, after which we concluded that the city is the best possible place to take our national and international investments, given its capability to be an engine of change in the Saudi economy and the many facilities the government provides to accelerate growth," he said.
A comprehensive range of housing solutions, such as the Village project, provide an ideal residential environment for workers and supervisors.
Rayan Qutub, CEO of the Industrial Valley, said the completion and opening of Phase 3 to investors was a breakthrough that has helped bring about many new achievements, underscored by its popularity with national and international investors and corporations, thanks to the wide range of services and advantages that facilitate the ease of establishing commercial and industrial operations in KAEC. Qutub pointed out that King Abdulla Port will play a major role in Golden Tuna's growth in exports, and expand the company's reach to more than 620 million consumers in Red Sea region.
"To date, 120 national, regional and global corporations have invested in the Industrial Valley, 24 of which have already begun production, with 30 others in the process of building their facilities. The six industries that the Industrial Valley is geared towards are food and consumer goods, pharmaceuticals, logistics, plastic industries, construction materials and automotive industries," he said. — SG


Clic here to read the story from its source.