Ash Sharqiyah Development Co. - SHADCO - ASACO

Activities

Asharqiyah Agriculture Development Company (also known as Eastern Development Company, or SHADCO) was a Saudi Joint Stock Company, established on 23rd September 1986, in Dammam, the capital city of the eastern province in Saudi Arabia. The establishment of the company resonates with the desire of the kingdom to ensure self-sufficiency in food stuff, through its own resources. The company is engaged in the production and distribution of agricultural and dairy products. Their major agricultural project is the Fadhili project, which comprises an area of 5,500 hectares. This space is allotted to the company by the government of Saudi Arabia to fulfill its agriculture requirements along with the housing of its staff and for its office building. The company operates in two business segments: the animal production segment, which includes the production and sale of milk and calf breeding; and the agricultural production segment, which includes the production and sale of alfalfa, grain and honey. Asharqiyah group focuses on the marketing of its agricultural and animal husbandry products through whole sale and retail trade of food stuff, agricultural fertilizers and animal fodder. In April 2013, the company signed a contract worth SR 21M for the supply of raw milk, with Al Safi Danone Ltd (one of the well-known and respected names in the marketing and distribution of dairy products in Saudi Arabia). The business has now expanded into canning and bottling of water, juices, dairy products and its by-products. The company has a real-estate wing too, which allows the company to invest in land for tourist operations, entertainment projects and to develop accommodations for rent or for sale.