Riyadh – Mubasher: Saudia Dairy & Foodstuff Company (SADAFCO) announced the establishment of a new warehouse in Wadi Al Dawasir at a total value of SAR 8.5 million ($2.27 million).
The starting date of the commercial and testing operations will be disclosed later, according to a bourse filing on Thursday.
The project will be funded from the cash generated from operations. The positive impact of the project will start after its completion.
Wadi Al Dawasir is currently serviced by four existing depots and with the new facility, operational efficiencies will improve and the market can be serviced in a more optimal way, the statement said.
