Brazilian meat giant JBS says it will quadruple production in Saudi Arabia when a new facility in the country opens in November.
JBS, which has exported poultry to the Middle Eastern country for 30 years, is planning to expand value-added production at its new facility.
It has invested $50m in a breaded chicken factory in the city of Jeddah, creating 500 jobs.
JBS recently opened a processing unit in the city of Dammam, with around 250 employees and the capacity to produce around ten thousand tons per year. It also has eight distribution centres in the country.
JBS CEO Gilberto Tomazoni met with representatives from Saudi Arabia in São Paulo recently to discuss further investment opportunities for the Brazilian company in their country.
The possibilities discussed were linked to the country’s Saudi Vision 2030 economic development programme, which is intended to connect investment, job opportunities and promotion of the green economy.
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By GlobalData
Earlier this month, JBS announced it was channelling investment into its Huon Aquaculture salmon-farming business in Australia.
The Brazil-headquartered company said it will plough A$110m ($73.6m) into Huon’s land-based Whale Point farm in Tasmania.
JBS also revealed it is set to invest circa C$90m ($66m) in a new patty processing line in a Canadian facility.
The company’s Canadian division, named JBS Foods Canada, will produce almost seven million more kilograms of beef patties every year for restaurants in western Canada following the injection into its plant in Brooks, Alberta.
