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Leen Alkair Trading Co. secures $58 mln loan to create processing facility

A specialized logistics center for processing fruits and vegetables is set to be built in the Saudi capital. To this end, Leen Alkhair Trading Co. has secured a loan of SR 217 million ($57.85 million). A company spokesperson stated that it will use the fund to establish a specialized facility for processing agro-produce, including cutting, sorting, packaging, manufacturing and cold storage.

The facility will be built in the Industrial Gateway City of Riyadh. It will be ready by the first quarter of 2025 and align with the nation’s agricultural strategy to support self-sufficiency goals in fruits and vegetables.

The statement added that the proposed factory will have a production capacity exceeding 200,000 tons annually and be equipped with the latest technologies, production lines and refrigerated storage facilities.


Source: arabnews.com

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