Feb 23 2012 |
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Al Islami inks JV to enter Pak market
By Staff Report DUBAI - Al Islami Foods , the leading Halal food company in the Middle East, has signed a major joint venture with Neat Foods Private Limited to cater to the Pakistan's growing fast food market.Under the terms of the agreement signed at Gulfood, Neat Foods will be the sole partner of Al Islami in Pakistan to develop and re-export Al Islami products in Pakistan and in the international market, according to a statement.
Neat Foods will also set up a state-of-the-art food production plant equipped with latest food production machinery.
The agreement spans over 10 years of time period and is automatically renewable for the next term as agreed between Al Islami and M/s Neat Foods Group from Pakistan.
"We are very much confident that it is a good opportunity and time to enter Pakistan's growing fresh and frozen food market."
© Khaleej Times 2012
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