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Wafrah inks EUR 3.9m deal with Germany’s GEA

Wafrah inks EUR 3.9m deal with Germany’s GEA
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Riyadh – Mubasher: Wafrah for Industry and Development Company has signed a contract with GEA Food Solutions at a value of EUR 3.97 million.

Under the nine-month deal, GEA Food Solutions will manufacture and supply highly automated lines for processing and packaging frozen and cooked meats for Wafrah, according to a bourse filing on Monday.

The transaction will reflect on the companies’ revenue starting from the second half (H2) of 2023.

GEA is one of the world’s largest systems suppliers for the food, beverage, and pharmaceutical sectors. The company’s portfolio includes machinery and plants as well as advanced process technology, components and comprehensive services, according to the company’s website.