A new company, with an initial capital investment of SR1 billion, has been launched in Jeddah in association with Prince Saud bin Musaed, president of Gammon Group, to import food and beverages from Asia-Pacific countries. It will have branches in Bahrain and Qatar.

Princess Mashael, wife of Prince Saud, launched the company, S.M. Marketing Services, on Wednesday in the presence of a large number of Saudi and Indian business leaders and executives, including Sheikh Rafik Mohammed, chairman of Gammon Group.

“We will be supplying mainly food, beverages and healthcare products,” said Mohammad Sayed, managing director of the company. “We’ll import products mainly from Asia-Pacific countries and target the Indian and Filipino community,” he told Arab News.

He said the company intends to market products with a total volume of 25,000 tons in the Kingdom monthly. “We have plans to expand our activities to building materials, electronic and electrical products in the near future,” he added.

S.M. Marketing is a joint venture between Prince Saud and Sayed’s Bahrain-based company in Bahrain, which has been operating in the Gulf for nearly 20 years.

“We have also launched another company named Fast Care Logistic Services in Jeddah on Wednesday to provide logistic and forwarding services,” Sayed said. “We have been extending logistic services in the UAE, Bahrain, Qatar and Saudi Arabia,” he pointed out. “Logistic and forwarding services will also cover China and Vietnam.”

S.M. Marketing Services specializes in importing and distribution foodstuffs and other products, the managing director said, adding the company has warehouses in different parts of Saudi Arabia, Bahrain and Qatar. It will import goods, including rice, mainly from Thailand, Malaysia, India, Philippine, Vietnam. “We have got agency of some foreign companies like San Miguel Corporation of the Philippines, Syed said.

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