By Shane McGinley
Global chocolate giant Mars Incorporated is to invest $60m in a new manufacturing facility in Saudi Arabia and an additional $150m over the next decade, it was reported on Wednesday.
The US confectionary firm is to build a state-of-the-art SR225 million ($60 million) manufacturing facility at King Abdullah Economic City (KAEC) in Rabigh, 130 km north of Jeddah, Arab News reported.
The facility will begin operations in 2014 and will produce the popular Galaxy and Galaxy Jewels chocolate bars. The factory is set to be the largest chocolate bar manufacturing facility in the Gulf and is set to create up to 400 jobs in the locality.
Following an initial investment of $60m, Mars is set to invest a further $150m in the factory over the next decade. “We will focus on tapping young Saudi talent,” Sami Darouni, regional president, Middle East, Turkey & Africa of Mars Incorporated, told Arab News. “Developing and nurturing Saudi talent is a priority for Mars, and we are going to invest in the Kingdom’s talented people by offering them training and internship.”