Cargill, Arasco to create joint venture in Saudi Arabia
Cargill Inc., Minneapolis, and Arasco, Riyadh, Kingdom of Saudi Arabia, are creating a new starches and sweeteners joint venture in Saudi Arabia. The new company will acquire Arasco’s existing corn milling facility in Al Kharj, Saudi Arabia, and produce starch-based products primarily for the Gulf Cooperation Council (GCC) countries of Saudi Arabia, United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain, as well as Yemen, Iraq and Jordan.
This joint venture will mark Cargill’s first operations in Saudi Arabia and build on Cargill’s global capabilities in food ingredients and Arasco’s already proven successful local knowledge and supply chain infrastructure.