- PepsiCo (NYSE:PEP) plans to open a manufacturing facility in Saudi Arabia port city Jeddah later this year, according to an exclusive from Gulf Business.
- Local PepsiCo chief Sanjeev Chadha tells the publication that the site will manufacture Pepsi, Mountain Dew, Mirinda and some healthy drink brands.
- "We are definitely invested and committed to growing in this region," notes Chadha.