Brazil’s BRF and Saudi Arabia’s PIF form halal meat joint venture
Brazilian food processor BRF SA said on Monday it has agreed to form a Saudi joint venture with Halal Products Development Company (HPDC) in a bid to develop the halal meat industry in the Middle East country.
BRF, which will own up to 70% of the joint venture, said the new company will have a combined investment of $500 million.
The venture will operate in the entire chicken production chain in Saudi Arabia and sell fresh, frozen and processed products, the Brazilian firm added. HPDC is a subsidiary of Saudi Arabia’s Public Investment Fund (PIF).
Read also
Join agri leaders of the Black Sea & Danube region at the 22 International Co...
Malaysia’s palm oil exports fell by 5% in November
Ukraine produced over 1 mln tons of sugar
Almost 17.5 million tons of Ukrainian grain were exported
Indian farmers reduce area under rapeseed due to rising temperatures
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon