Binghatti Holding plans to invest Dh150 million in a new food and beverage production plant in Khalifa Industrial Zone Abu Dhabi (Kizad), as part of its strategy to increase its distribution across the Middle East, Europe and Far East.
The UAE-based company, known for its Raubi Juice brand, will build a plant with a plot size of 42,883 square metres, following an agreement with the Kizad operator Abu Dhabi Ports.
The facility, which will fall under Binghatti’s sister company’s London-based subsidiary Black Forest Food Industries, will be supported by Binghatti’s existing fast-moving consumer goods distribution companies in the UAE, Lebanon, Jordan, Iraq and London.
“This new investment demonstrates our commitment to support the leadership’s vision of diversification and to actively contribute to the economy of Abu Dhabi,” said the Binghatti Holding chairman Hussain bin Ghatti Al Jbori.
“By utilising the support services of Kizad, we hope to expand our service offerings and deliver high-quality products in line with international standards,” he said.
The announcement of the Binghatti deal comes after the finalising of an agreement in August between Abu Dhabi Ports and Al Gharbia Pipe to build a Dh1.1 billion factory in Kizad, for the manufacture of steel pipes for the region’s oil and gas industry.
Abu Dhabi Ports announced last month that volumes handled across its facilities rose by 19 per cent year-on-year to 11.28 million tonnes during the first nine months of 2015, including 2.86 million tonnes in July and August.
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