Al -Khemmaya: A warehouse of medicines in Jeddah is inaugurated with 75 million riyals
The Saudi Chemical Holding Company announced that its subsidiary company "Saudi International Trade Company Ltd." (Setco Pharma) has begun in a major strategic investment, which is to create a new advanced warehouse in Jeddah, which enhances its leadership as one of the largest pharmaceutical distribution companies in the Kingdom of Saudi Arabia. "Saudi Arabia trading"The new warehouse will be held on land owned by "Setco Pharma" With an area of 20,000 square meters, to provide approximately 14,000 square meters of advanced storage facilities, along with 800 square meters of administrative offices. /> The company added that the cost of the project is 75 million riyals, while it will start to establish the project in the fourth quarter of 2025.
and noted the funding of the project through bank loans compatible with Islamic law from local banks. Direct on the current financial results, but it is expected to have a positive impact in the strategic and operational term of the company with the start of the operation. Duration of the experimental production of the project: 3 months, noting that the expected date of the commercial production of the project: the first quarter of the year 2027.
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