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French Fries Factory
Overview
Establishing a French fries factory with an estimated cost of SAR 192 million.
Project Information
Industry
- Industrial Manufacturing > Machinery and Equipment
192.00 (Million Riyal) * Estimate:
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Saudi Arabia
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Ongoing
2021
2023
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The project is expected to start in Q1 2021 and is scheduled to be completed in Q1 2023.
- In Q3 2021, the company announced that construction works of the project have not started yet. The project is behind schedule due to communication with the contractors of similar projects in other countries, expecting the project to be complete in Q3 2022. The project cost was changed from SAR 70 million to SAR 192 million due to the market needs.
- The company announced that the project’s cornestone was laid in Q3 2021.
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Owners
Name
Percentage
Related Parties
Name
Role
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Project Developments
Al-Jouf Agricultural signs Islamic credit facility worth SAR 110 mln with Alinma BankArgaam10/08/2022
Al-Jouf Agricultural CEO says Q1 2022 profit reflects robust operating performance; expects better Q2 resultsArgaam Special18/05/2022
Al-Jouf Agricultural sets strategy to transform into agro-industrial firm, says CEOArgaam Special08/03/2021
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