Tanmiah to invest over SAR 200 mln with Dutch firms to fuel expansion

Logo of Tanmiah Food Co.

Tanmiah Food Co. will continue to implement its strategic growth plans, which started in early 2020, by expanding its operations and investing in modern equipment and technologies in cooperation with Dutch companies.  

The estimated SAR 200 million investment will bolster Tanmiah’s growth plans. 

The Dutch partners include Marl BV, Mavitek BV, Ottivanger Milling Engineers, GEA Netherlands, JBTC Netherlands, Viscon Group and Meyn Food Processing Co. 

Tanmiah recently signed agreements with a number of Dutch companies valued at about €48 million, as per Shariah-compliant financing from Rabobank, a Dutch multinational banking and financial services company. 

The agreements will enhance partnerships and foster knowledge sharing, innovation, investment and trade relations between Saudi Arabia and the Netherlands, in line with the Kingdom’s Vision 2030 aimed at achieving food security and self-sufficiency, the statement added. 

The company stressed its commitment to achieving its ambitious goals and becoming a major player in the global halal food market.