Minister of Environment sponsors signing of strategic investment between Brazil Foods Arabia and Doha Poultry Company to increase production capacity in poultry products sector
His Excellency the Minister of Environment, Water and Agriculture, Eng. Abdulrahman bin Abdul Mohsen Al-Fadley, sponsored the signing of the Halal Products Development Company, fully owned by the Public Investment Fund, in cooperation with Brazil Foods (BRF) International, through their joint venture Brazil Foods (BRF) Arabia; a strategic investment agreement with Doha Poultry Company.
The agreement aims to achieve the goals of Saudi Vision 2030 related to economic diversification, enhance the Kingdom’s position as a leading global center in the poultry sector, and contribute to achieving the joint commitment between Halal Products Development Company, Brazil Foods International, and Doha Poultry Company to double production capacity by 2030, as part of all parties’ efforts to achieve excellence in all stages of Doha’s integrated operations. The company’s future expansion plan includes adding new production lines to slaughterhouses, advanced hatcheries, and modern production farms, to ensure that the local and international market is supplied with high-quality halal poultry products, and to continuously meet the growing demand for these products. On this occasion, Fahad Al-Nuhait, CEO of Halal Products Development Company, said: “Our investment in Doha Poultry Company, in partnership with Brazil Foods International Company through our joint venture Brazil Foods Arabia, consolidates our primary goal of making the Kingdom a global leader in the poultry sector, and reflects our company’s commitment to empowering local players, which enhances their capabilities and facilitates their integration into the value chain to achieve sustainable growth. It also aligns with our vision to lead growth in the poultry industry inside and outside the Kingdom,” explaining that this investment supports Saudi Vision 2030, and aims to localize resources and knowledge, reduce dependence on imports, enhance the concept of sustainability, create job opportunities, and achieve food self-sufficiency goals. For his part, Chairman of the Board of Directors of Brazil Foods Arabia, Vice President of Halal Markets, Igor Marty, said: “With our experience as one of the major global leaders in chicken production, we seek to develop Doha Company in all operational aspects, starting from quality and efficiency to innovation and sustainability. This partnership also aims to enhance the poultry sector and ensure a continuous supply of high-quality products to local and international consumers,” noting that this investment embodies the strategy of making Brazil Foods a reference in the animal protein sector in the Saudi market, and contributing to achieving food security targets in the Kingdom. In turn, Eng. Saleh Humaidan, Chairman of the Board of Directors of Doha Poultry Company, stressed the importance of the partnership, saying: “This partnership with the Halal Products Development Company, supported by the Public Investment Fund, and Brazil Foods International - one of the largest poultry producers in the world - is in line with our expansion plans to expand operations and enhance our ability to provide high-quality poultry products. This investment is a catalyst for our expansion, as it provides essential resources and strategic support to accelerate our growth. We are excited to take advantage of this opportunity to strengthen our presence in the market and play a pivotal role in shaping the future of the poultry industry in the Kingdom and beyond.” Source: https://www.mewa.gov.sa/
