date:Feb 26, 2014
Nestl is seeking to triple its revenues from the Middle East operations by the end of this decade, driven by expansion with new factories and new brands.
The company plans to invest $400m in the Middle East over the next three or four years, where it expects to generate annual sales of over $3bn by 2020.
Nestl Middle East CEO Yves Manghardt was quoted by The Wall Street Journal as saying, This is our reconfirmation of trust in the region's growth potential both for existing brands and new prod