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Thursday, June 20, 2024

TGI Group Commences $20 Million Dairy Factory in Dubai, UAE

Nutridor, a dairy company under the umbrella of Nigeria’s Tropical General Investments (TGI) Group, has commenced operations at its newly established AED75 million ($20.4 million) factory in Dubai, marking an expansion of its presence in the region.

This state-of-the-art dairy production facility spans 100,000 square feet within Dubai Industrial City, a part of the TECOM Group. It is set to double the production capacity of Nutridor’s renowned Abevia brand, reaching an impressive 120,000 liters of milk per day.

Remarkably, this facility, developed in under a year, will significantly reduce the company’s reliance on imports while bolstering its position within the region’s dynamic food and beverage sector. Anticipated revenues from the UAE facility’s operations are estimated at AED110 million.

Furthermore, the launch of this factory is expected to generate around 200 new job opportunities, both directly and indirectly, as indicated in a recent statement.

Mohammed Al Kamali, the COO of Manufacturing and Export Development at the Dubai Economic Development Corporation (DEDC), expressed, “The newly inaugurated, cutting-edge dairy production facility represents a substantial initiative and investment, fostering an environment conducive to entrepreneurship, innovation, and economic growth.”

TGI Group, headquartered in Africa, boasts diversified interests and investments across various countries, including Nigeria, Benin, Ghana, Ivory Coast, South Africa, Morocco, UAE, India, China, and numerous other emerging markets.

Nutridor’s reach extends to customers in more than 15 countries, encompassing GCC nations, Jordan, Lebanon, Angola, Gambia, Ghana, and Senegal.

(Courtesy ZAWYA)

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