The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Hilton Foods has entered into a long-term joint venture with The National Agricultural Development Company (NADEC) in Saudi Arabia, expanding the company’s reach into the Middle East.
Hilton Foods will hold a 49% stake in the JV and contribute £6.5 million to an initial investment of SAR 60 million (approx. £13 million) for the new facility.
The partnership, set to last for ten years, combines Hilton Foods' expertise in meat processing and packaging with NADEC's established cattle operations in the region.
The JV will see Hilton Foods develop state-of-the-art facilities in Saudi Arabia, while NADEC will supply the joint venture and integrate its red meat products into its distribution network. The collaboration aims to enhance food security and support market growth in Saudi Arabia, in line with the Kingdom Vision 2030.
NADEC is focused on expanding its red meat product range to support the shift from in-store butchery to packaged meat in the local market. It supplies retailers and trade customers with local products under the NADEC brand and other brands in Saudi Arabia and neighbouring countries.
Steve Murrells, Hilton Foods CEO, said: “We are delighted to be forming this JV with NADEC, a highly respected and experienced local partner. This newly established partnership aims to enhance the quality, variety, and value available to consumers in the Saudi market."






