Mado’s Coordinator General Mehmet Yılmazoğlu stated that the branches which will be set up in Mecca and Medina would receive investments and be operated by Mfaza National.
The region will receive an investment 5 million Dollars in the first year and 20 million Dollars in the second year, for a total of 25 million Dollars stated Yılmazoğlu, “Our goal is to reach 8 branches in 2 years and 40 branches in 5 years. Also we will be in full cooperation for the assessment of alternative mass sales channels and production in accordance with the growth potential in the region.”

- Attendees at the ceremony

Attending the signature ceremony at the Mado Çukurambar Branch were, TOBB President M. Rifat Hisarcıklıoğlu, HH. Prince Abdullah Bin Saud El Saud representing Mfaza National, Mohamed Wali and Ahmad Akkawi, Mado Board President Mehmet Sait Kanbur representing Mado, Mado Coordinator General Mehmet Yılmazoğlu and Mado International Operation Directors Hasan İbrahim Toksoy. Also attending were TOBB Board Member and Customs and Tourism Enterprises Inc. (GTI) Board President Arif Parmaksız.
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