King Abdullah Economic City 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 His Highness Prince Abdullah bin Saud bin Mohammed bin Abdulaziz, Chairman of the Board of Al-Ahlam Holding Group and ZAD National Company, and Mr. Rayan Qutub, COO of the Industrial Valley in KAEC.
Following the signing, His Highness expressed his pride in supporting the city’s economic development and contributing to achieving its vision and objectives, noting that 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. His Highness went on to say: “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.”
Adding his comments, Mr. 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.”
He also said: “We have made great efforts to secure a modern infrastructure that supports the requirements of current and future investors in the Industrial Valley as part of our constant effort to advance the position occupied by KAEC as a major destination for investment, especially in the FMCG sector and logistics services in the region.”
Mr. Rayan Qutub, expressed his pride at the accelerated pace of selling and leasing lands in the Industrial Valley, and 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. Its success was quickly followed by the opening of cafes in many cities across Turkey and today there are MADO cafes at more than 200 locations in the country, while in countries abroad there is a total of ten MADO cafes in Dubai, Saudi Arabia, Cyprus, Australia, Hong Kong, South Korea and Bulgaria.