Saudi Arabian food and drink company Almarai, has announced its plans to expand its current poultry production and manufacturing facilities with an investment of 275 million riyals ($73.33 million).
Based in Riyadh, Almarai produces bakery, juices, dairy and baby nutrition products that are distributed across the Middle East and Africa, through retailers and foodservice channels.
According to sources, the company’s board of directors also agreed to proceed with a study to explore the possibility of developing facilities to produce poultry mothers, in order to “achieve vertical integration of poultry supplies”.
In addition to the foregoing, the company pretends to conduct a comprehensive study to evaluate potential expansions in the basic food category, that would enhance the food supply chains in Saudi Arabia.
During the first quarter of this year and over the past two years, the poultry sector has recorded a satisfactory financial result.