Saudi Arabia: Nadec presents plans to become vertically integrated food business

National Agricultural Development Co. (Nadec) is planning to become a vertically integrated food business to reach 6 billion Saudi riyals ($1.59 billion) revenue by 2027, the company said in a statement to the Saudi stock exchange. The agreements signed include potato seed production, biowaste recycling and sustainable desert farming

The firm aims to expand in the vegetables and fruits sector and boost contract farming with large- and small-scale farmers to provide high-quality crops to customers around the Kingdom as part of its 2023-2027 strategy.

Source: zawya.com

Publication date: Wed 1 Feb 2023

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Saudi Arabia: Nadec presents plans to become vertically integrated food business