The deal aims to strengthen trade ties, streamline export procedures, and support Saudi companies in expanding their presence in China.
One major factor propelling the growth of the Saudi Arabian milk powder market is the expansion of retail networks.
The new cluster is part of a broader initiative to establish specialised food industry hubs throughout the Kingdom.
Net profits increased by 18.5% to US$75.2 million, up from US$63.5 million in 2023, while sales rose 7.8% to US$672.4 million.
This highlighted the company’s strong financial performance and commitment to shareholder value