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FOODCO Makes A Major Foray into the GCC Region - Acquires US$ 10.89 million tower in Manama to house Bahrain branch.
FOODCO Makes A Major Foray into the GCC Region

 

PRZOOM - /newswire/ - Dubai, UAE, United Arab Emirates, 2006/03/11 - Acquires US$ 10.89 million tower in Manama to house Bahrain branch..

   
 
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As the first part of its significant regional expansion drive, the Abu Dhabi National Foodstuff Company (Foodco) announced that it is planning to set up a branch in the Kingdom of Bahrain during 2006.

“We have already acquired a US$ 10.89 million (AED 40 million) building on the renowned Diplomatic Quarter Street in Manama in order to house our Bahrain office,” said Foodco's Managing Director and Member of the Board of Directors, Ahmed bin Ali Khalfan Al Dhahery.

Our real estate department is currently working out the modalities for leasing this building that will serve as our Bahrain base, Mr. Al Dhahery added.

The Bahrain operations will add stimulus to our already increasing turnover. We are sure this will bring more value to our existing operations, which have resulted in substantial benefits to shareholders, he remarked.

The company is head quartered in Abu Dhabi with branches in Dubai and Al Ain and already is a volume supplier of frozen poultry, meat and vegetables to Saudi Arabia, Oman, Qatar, Bahrain, Kuwait, Yemen, Iran and Egypt.

The FMCG company that recently made a foray into associated businesses like packaging and providing a range of solutions to the foodstuff industry, also provided 185 service-related staff to work with the UAE Navy. These cooks and waiters began their service from January this year.

In addition to dealing in a wide range of premium brands, export and distribution of essential commodities like rice, sugar, salt and cooking oil are placed on top of Foodco's portfolio of services.

Foodco currently enjoys a wider portfolio of high profile brands including household names such as Virginia, Shehrazade, Mubarak Basmati Rice, Hafeet Spring Water, Quick Tea, F Tissues, Wrap 'n' Roll Aluminium Foil, Master Food and Master Chef range of food products. Foodco also has sole agency rights of major international brands such as Pasta Zara, Orlando Vine Leaves, Languiru Frozen Chicken, Golden Frozen Chicken From Frangasul-Doux, Jelly Joy Juice and Pak Dairy.

Foodco is a public shareholding entity that operates under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, the President of the UAE.

 
 
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FOODCO Makes A Major Foray into the GCC Region

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