Siniora inaugurates Jeddah factory with an investment of 150 million riyals to support food security
In a move that reinforces the Kingdom of Saudi Arabia's position as a leading regional hub for the food industry, Siniora Food Industries inaugurated its new factory in Jeddah, under the patronage and in the presence of His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Khorayef, and the CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON), Engineer Majid bin Rafed Al-Arqoubi. This opening culminates significant investment efforts aimed at supporting the national economy and meeting the growing demand in the Saudi market.
Enhancing food security and keeping pace with Vision 2030
The launch of this new industrial complex is fully aligned with the objectives of Saudi Vision 2030 , specifically the National Industrial Development and Logistics Program (NIDLP). The Kingdom is actively working to enhance its food security and reduce reliance on imports by developing vital food industries locally. Siniora's investment in Jeddah is a tangible testament to the attractiveness of the Kingdom's investment environment and its ability to attract regional and international capital to build advanced local manufacturing capabilities that contribute to increasing the local content ratio.
Project details and production capacity
Engineer Magdi Al-Sharif, CEO of Siniora, explained that the new factory represents a qualitative leap in the company's operations. The first phase of the project was built on a building area of 11,500 square meters , equipped with the latest global technologies in meat and food processing. The company aims for an annual production capacity of 10,000 tons of chilled and frozen products, ensuring a continuous supply of high-quality products to Saudi consumers and neighboring markets.
Strategic investment and promising job opportunities
The first phase of the project saw an investment of SAR 150 million , reflecting the company's long-term commitment to the Saudi market. The Saudi Industrial Development Fund (SIDF) contributed to the project's success, accelerating its completion. The factory is expected to create over 300 jobs , with clear plans to focus on Saudization and training young Saudi talent to lead production and administrative operations, thus contributing to reducing unemployment and developing the nation's human capital.
Firm confidence in the Saudi economy
For his part, Tariq Omar Al-Aqqad, Chairman of the Board of Directors of Siniora Company, affirmed that this project is not merely a commercial expansion, but rather a testament to the strength of the Saudi economy. He pointed out that the significant government support and the integration among various entities, such as the Ministry of Industry, the Saudi Authority for Industrial Cities and Technology Zones (MODON), the Saudi Food and Drug Authority (SFDA), and the Ministry of Investment, have created a nurturing and stimulating environment for industrial growth. The factory is expected to contribute to strengthening local supply chains and transferring advanced technical knowledge and expertise to the Kingdom, thus solidifying its position as a rising industrial power in the region.
