Sep 10 2011 |
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The Savola Group to join Saudi companies participating in 2011 Accenta Trade Fair
Jeddah, 10 September 2011, The Savola Group will participate in ACCENTA 2011, one of the largest and oldest trade fairs in Europe, to be held in Belgium's industrial city Ghent. Savola will be present as one of the Middle East's leading companies in the field of basic food products including cooking oils and sugar, as well plastic products and retail activities. ACCENTA started 66 years ago and attracts more than 400 exhibitors and 90,000 visitors annually.Dr. Abdulraouf Mannaa, Managing Director of The Savola Group , stated that Savola will be featuring all of its main sectors in its capacity as an official representative of the Kingdom of Saudi Arabia, noting that the Group expects to benefit from its participation in ACCENTA 2011 since trade relations between Belgium and Saudi Arabia are getting stronger year after year. In 2010 Saudi exports to Belgium surpassed € 1.27 billion, an increase of 60% on the previous year, while Belgium's exports to Saudi Arabia exceeded € 1.03 billion, an increase of 10% on the previous year.
Dr. Mannaa went on to say: "Savola is considered to be the largest cooking oil producer in the world today and the largest producer of refined sugar in the Middle East with an annual production capacity of 2.6 million tons through its refinery plants in Egypt and Saudi Arabia. Savola also produces flexible plastic packaging materials, and is one of the leading companies in the production of PET in the GCC, as well as exporting its products to more than 15 countries around the world.
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The Savola Group is a Saudi Joint Stock Company that was established in 1979 with SR 40 million in capital. Savola is currently valued at SR 5 billion as a result of expanding its operations regionally to become a leader in its fields of activity, which include producing cooking oils and sugar, plastics, retail trade and real estate development. Savola also exports its products to more than 30 countries around the world and its operations are spread across more than ten countries in the Middle East and North Africa.
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