logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Agthia launches $24.5mn facility in Jeddah

Agthia launches $24.5mn facility in Jeddah

NOHA.GAD
Jul 9, 2024
Agthia launched $24.5 million protein manufacturing facility in Jeddah

Riyadh - Sharikat Mubasher: Agthia Group, the leading food and beverage (F&B) company based in Abu Dhabi, launched its new protein manufacturing facility in Jeddah worth as much as $24.5 million, a recent statement announced.

Located in Jeddah’s First Industrial City, the 9,000 square meters facility is expected to produce more than 9,000 tons per year. It was designed to meet the growing demand for Agthia’s key protein brands.

Launching the new facility came as part of Agthia’s strategy to solidify its presence in the GCC region. 

CEO Alan Smith affirmed that Agthia’s investment in the new facility underpins the company’s commitment to creating value for its stakeholders and positioning itself as the foremost player in the F&B industry across the MENA region by 2025.

“By bolstering our presence in KSA’s rapidly expanding processed meat market, we are not only reinforcing our market position but also contributing significantly to the diversification and growth of our regional product portfolio,” Smith said.

The Jeddah facility encompasses two production lines capable of manufacturing over 50 distinct SKUs, supported by a diverse supply chain of over 69 raw materials. It is equipped with in-house microbiology and sensory evaluation laboratories to ensure the highest standards of quality control and product development.

Declan Bennett, President of Agthia’s Protein Business, commented: “This comprehensive setup enables Agthia to offer a robust product portfolio tailored to the evolving needs of the Saudi market. This investment addresses the rising demand for our protein and frozen products within the Kingdom, positioning us to effectively meet both current and future market requirements.”

Moreover, the new facility will enable Agthia to better serve the growing demand for premium protein products in Saudi Arabia and export to over 25 countries.

Tags

Saudi Arabia
UAE
Manufacturing
Facility
Share

Attract clients with your ad

Start Now

Trending

Khalifa Fund launches ‘Future Founders Market’ to empower entrepreneurs
MUBASHER
Aramco Ventures leads $9.5mn investment in climate AI startup
MUBASHER
Moove closes $250mn Series C round led by Mubadala
MUBASHER
C3 unveils EmpowerHer Climate accelerator for MENA startups
MUBASHER
MoneyHash collaborates with Azm Fintech to simplify digital payments for businesses
MUBASHER.SA

Related News

Investor News
Calendar Icon
Aug 6, 2026
Aramco Ventures leads $9.5mn investment in climate AI startup
Read More
Investor News
Calendar Icon
Jul 30, 2026
BotSense launches WhatsApp CRM services in Saudi Arabia
Read More
Investor News
Calendar Icon
Jul 28, 2026
Egypt’s Simplex to open $2mn new branches in Saudi Arabia this year
Read More
Investor News
Calendar Icon
Jul 28, 2026
Aramco Ventures increases investment in HydoTech's Series B+ round
Read More
Investor News
Calendar Icon
Jul 21, 2026
Moussa: EFG Hermes to invest over $150mn in Saudi education
Read More
Investor News
Calendar Icon
Jul 12, 2026
STV, JEF collaborate to expand AI opportunities across MENA
Read More
Investor News
Calendar Icon
Jul 5, 2026
Saudi’s Tawuniya invests in agri-asset tokenization startup Maalexi
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher