December 8, 2022

 

Saudi Arabia's Almarai to invest US$319 million in poultry output facilities

 
 


Almarai Company, based in Saudi Arabia, is set to invest SAR 1.2 billion (~US$319.4 million; SAR 10 = US$0.27) to develop poultry hatchery production facilities at the Sakaka governorate in the Al-Jouf region, Zawya reported.

 

To improve vertical integration of poultry supplies, the investments include the construction of hatchery production facilities.

 

The facilities will be one of many in the Al-Jouf area to guarantee the delivery of fresh chicken to the final customer. Almarai said the new production facilities will achieve its goals for biosecurity and reduce the risks associated with relying solely on one location for production.

 

Almarai announced investments worth SAR 4.5 billion (~US$1.1 billion) last month to increase poultry production at the Al-Shamli governorate, Hail Region.

 

The publicly traded Saudi company announced in May 2021 that it planned to invest SAR 6.6 billion (~US$1.7 billion) in the poultry industry in order to double its market share and expand across the country.

 

-      Zawya

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