Nestle expands in Middle East
Food giant expects more than 10% growth in Middle East for 2010
Food giant Nestlé is expecting more than 10% growth in the Middle East during 2010 and is building four new factories in the region — one of which will be in Dubai.
Chairman and chief executive of Nestlé Middle East, Yves Manghardt, said he was confident about prospects this year, following “a tough year with low growth” in 2009.
The Middle East is currently responsible for just 1.4% of Nestlé’s global turnover of US $101.4 billion (AED 372.4 billion).