KING Abdullah Economic City (KAEC) recently announced a new land plot signing with Zad National Limited for the purchase of 22,000 sqm in KAEC’s Industrial Valley-phase1 to build a manufacturing facility for the production of various types of sweets. The contract was signed by Prince Abdullah bin Saud bin Mohammed bin Abdulaziz, Chairman of the Board of Al-Ahlam Holding Group and ZAD National Company, and Rayan Qutub, COO of the Industrial Valley in KAEC.
Prince Abdullah said the new industrial establishment for Zad National will manufacture traditional Turkish sweets and coffee as well as producing various types of chocolate, oriental and western desserts under the internationally known MADO brand. “We are looking forward to start the construction of the plant as soon as possible to expand our business and strengthen our partnership with MADO in order to provide local consumers and export to neighboring countries with high quality products,” he added.
Fahd Al-Rasheed, Managing Director and CEO of KAEC, said: “The investments demand in the city is experiencing a noticeable increase and we are receiving special attention from local investors, which reinforces KAEC’s socio-economic role and strengthens our commitment to providing employment opportunities for the next generation of national cadres and housing solutions with comprehensive integrated public services.” logistics services in the region.”
Qutub said: “Investors fully recognize that KAEC is a major center for manufacturing and logistics services in the region due to the advanced infrastructure and its close proximity to King Abdullah Port, the Haramain Railway and the Saudi land bridge, which makes it the ideal distribution network accessing the largest market in the region.”
MADO is known for its diverse range of products that include delicious pastries, desserts, ice cream and sahlep, a traditional Turkish drink made from wild orchids. The first MADO cafe opened 1992 in Istanbul specializing in ice cream, desserts served with ice cream, and high quality coffees. There are 10 MADO cafes in Dubai, Saudi Arabia, Cyprus, Australia, Hong Kong, South Korea and Bulgaria.