Publisher: Maaal International Media Company
License: 465734
The Brazilian BRF Company for Food Industries announced that its factory in Abu Dhabi has received the green light to resume chicken exports to Saudi Arabia after a three-year stop.
“BRF”, said last month, that it had started its operations in its factory in Saudi Arabia, noting that it is an important market for the company in the Middle East.
The company indicated that it invested $18 million in a factory in Dammam, with the aim of increasing production capacity to 1,200 tons per month.
It is noteworthy that BRF said last January that it had signed a memorandum of understanding with the Saudi Public Investment Fund (PIF) to establish a joint venture in the poultry market in the Kingdom.
The Brazilian company added at the time that it would own a 70% stake in the project, while the Saudi Fund would own the rest.