To establish a processing facility of condensed milk in Saudi Arabia.
- With an initial investment of ~ USD 8 Mn, the facility could achieve an IRR of 12-15% based on
- an increase landed cost of imported EVAP through higher import duties or an equivalent amount of OPEX subsidy;
- localization of 20% of imported EVAP by year 3;
- achievement of 10-12% EBITDA margin by producing EVAP through reconstituted powder milk
- Estimated to create 25-35 direct and 200-250 indirect jobs