São Paulo – JBS, a Brazilian multinational food company, will open a new plant in Jeddah, Saudi Arabia, in November, which is set to quadruple its production capacity in the Arab country and solidify its strategy to expand its production of value-added products, the company reported.
Last week Saudi state news agency SPA had reported that JBS is currently establishing a food factory in Jeddah under the brand name Seara to open by the end of this year.
In its press statement, JBS said the USD 50 million facility will focus on producing chicken nuggets. A leading poultry exporter to the Saudi market, the company has recently opened a processing plant in Dammam, capable of producing around 10,000 tons annually. The company also operates eight distribution centers across the Arab country.
New investments
This week, JBS Global CEO Gilberto Tomazoni met in São Paulo with representatives from a Saudi ministry to discuss new investment opportunities in the country. Attending the meeting were Bandar Alkhorayef, Minister of Industry and Mineral Resources, and others.
Read more:
Saudi Arabia wants Brazil in its mining industry
Translated by Guilherme Miranda
São Paulo – JBS, a Brazilian multinational food company, will open a new plant in Jeddah, Saudi Arabia, in November, which is set to quadruple its production capacity in the Arab country and solidify its strategy to expand its production of value-added products, the company reported.
Last week Saudi state news agency SPA had reported that JBS is currently establishing a food factory in Jeddah under the brand name Seara to open by the end of this year.
In its press statement, JBS said the USD 50 million facility will focus on producing chicken nuggets. A leading poultry exporter to the Saudi market, the company has recently opened a processing plant in Dammam, capable of producing around 10,000 tons annually. The company also operates eight distribution centers across the Arab country.
New investments
This week, JBS Global CEO Gilberto Tomazoni met in São Paulo with representatives from a Saudi ministry to discuss new investment opportunities in the country. Attending the meeting were Bandar Alkhorayef, Minister of Industry and Mineral Resources, and others.
Read more:
Saudi Arabia wants Brazil in its mining industry
Translated by Guilherme Miranda