Dubai, UAE — Hotpack Global, the UAE-based food packaging company, said Tuesday it will build a sustainable packaging plant in Saudi Arabia, which will be the world’s single largest packaging manufacturing facility to produce products from diverse raw materials such as paper, biomass, aluminum, and polymer.
The company signed an MoU with the kingdom’s Ministry of Investment and the Ministry of Industry and Minerals for the project that will cost 1 billion Saudi riyals ($266 million)
The project will be built in several phases over an area of 2.4 million square feet using 4.0 technologies that integrate Internet of Things (IoT), Artificial Intelligence, machine learning, cloud computing and analytics into its production and operation system, the company said in a statement.
With an expected employment to the tune of 1200, the project will also help Hotpack to acquire a significant market share in Saudi Arabia, the statement added.
Abdul Jebbar, CEO and Group Managing Director of Hotpack Global said, “The proposed facility will help Hotpack increase its export by 30 to 35 per cent over the coming years. This facility also marks Hotpack’s foray into the medical disposable products sector.”