Brf—majority-owned by fellow Brazilian group Marfrig—told shareholders it will invest US$ 160 million to build a new processed-meat plant for poultry and beef in Jeddah, one of Saudi Arabia’s main cities.
The investment will be made by subsidiary Brf Arabia Holding Company together with Halal Products Development Company, a Public Investment Fund (PIF) affiliate. The factory is designed to produce about 40,000 t of processed products, allowing Brf’s output in the region to jump from 17,000 t to 57,000 t a year. The project will meet rising regional demand and deepen Brf’s strategic alliance with Saudi Arabia.
