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King Abdullah Economic City hosts Mars, Incorporated delegation |
Jeddah, Saudi Arabia, January 20, 2008: King Abdullah Economic City, the largest private sector development in the region developed by Emaar, The Economic City (Emaar.E.C) in association with the Saudi Arabian General Investment Authority (SAGIA) as prime facilitator, hosted a delegation from Mars, Incorporated, the leading global confectionary, food and pet care company.
H.E. Amr Bin Abdullah Al-Dabbagh, Governor, SAGIA; and Mr Nidal Jamjoom, Executive Director – Commercial Affairs, Emaar.E.C, welcomed the Mars, Incorporated delegation led by Ms Pamela Mars, Chairman, Mars, Inc.
Ms Roula Kamhawi, President for Africa, India and the Middle East; Mr Ahmed Bayoumi, GCC General Manager; Mr Patrick O’sullivan, GCC Sales Director; Mr Khaled Alkaff, GCC Commercial and Corporate Affairs Director, Mars Inc were also part of the delegation.
During the visit, Mr Al-Dabbagh presented an overview of the investment environment in Saudi Arabia and the significant progress made in reaching the goal of becoming one of the top 10 competitive nations by 2010.
Mr Al-Dabbagh said: “The visit of the Mars, Incorporated delegation to KAEC highlights the international interest in the investment opportunities presented by the project. SAGIA is working closely with Emaar.E.C to create a robust economic environment that will offer various investment options across a spectrum of growth sectors. This is in line with our Vision 10 X 10 to boost the Saudi Arabian economy as one of the top ten global investment destinations by 2010.”
Mr Nidal Jamjoom said: “The investor response to the first phase of KAEC has been strong with several manufacturers from various sectors looking at investment options in the Industrial Zone. Mars, Incorporated is a global name in confectionary products and the visit of the company’s delegation gives momentum to our efforts to showcase the various opportunities within KAEC.”
Ms Pamela Mars said: “KAEC has a strong growth platform for industries – and will be a perfect fit for companies expanding in the region. Mars, Incorporated has a significant market presence in the Middle East, and we are identifying growth opportunities to further our manufacturing base and market reach.”
Mars, Incorporated is a family-owned company that produces some of the world’s leading confectionery, food and pet care products and has growing beverage and health & nutrition businesses. Headquartered in McLean, VA, Mars, Incorporated operates in more than 65 countries and employs more than 40,000 associates worldwide.
KAEC has six key components: the Sea Port, Industrial Zone, Central Business District (including the Financial District), Resort District, Educational Zone and Residential Communities. Work is progressing according to schedule on the first phase of KAEC including the Industrial Zone, Residential Communities, Sea Port and Resort Zone. KAEC recently unveiled Bay La Sun Village, the first residential component of the project, to overwhelming investor response.
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