BRF to build $120m chicken processing plant in Saudi Arabia

BRF is set to invest about $120 million in a new chicken processing plant in Saudi Arabia in a move to expand and strengthen its footprint in the Saudi market, as per the latest meat processing news.

In this connection, the Brazilian food processing company has signed a non-binding memorandum of understanding (MOU) with the Saudi Arabian General Investment Authority (SAGIA) for the construction and operation of the chicken processing facility.

The product portfolio of the new BRF poultry plant in Saudi Arabia will include breaded and marinated products, hamburgers and others. The products from the BRF chicken processing plant will be mostly delivered to the domestic market, and could also be possibly exported to other neighboring countries.

The Brazilian food processing company said that the location, capacity, investment schedule, capital structure, and other conditions regarding the new chicken processing plant will be determined shortly during the specification phase of the project.