Tag: Maggi brand

Nestle pours $1.8 billion into business in Saudi Arabia

ZURICH, Switzerland (AFP) – Swiss food giant Nestle said Thursday it will pour seven billion riyals ($1.8 billion) into Saudi Arabia over 10 years in a bid to strengthen its presence in the kingdom. The announcement is likely to be a major boost to Riyadh as the kingdom pushes to attract greater foreign investment. Nestle will build a new factory, due to open in 2025 that will produce infant nutrition products and ready-to-drink coffee for the […]