RIYADH: UAE-based Hotpack Global plans to establish a specialized food packaging project in Saudi Arabia worth an estimated SR1 billion ($266 million) to produce environment-friendly products. The Emirati manufacturer of disposable food packaging products has signed an agreement with the Saudi Ministry of Industry for the project, the company said in a statement. To be spread
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• The Dubai-based food packaging manufacturer aims to produce 70 million units of sustainable, consumer packaging products annually, since completion of the first plant.
• Facilitated by Malaysian Bioeconomy Development C
Hotpack Global, a UAE-based food packaging company, is set to invest AED360 million ($98 million) in Malaysia over the next 10 years towards the construction of 10 packaging plants in partnership with a local manufacturer of biodegradable products.