Almarai headquarters
Almarai Co. announced today, Dec. 2, an investment of SAR 1.2 billion to develop poultry hatchery production facilities in Sakaka, Al Jouf region.
The announcement was made during a signing ceremony between Almarai and the Ministry of Environment, Water and Agriculture.
The investment includes developing poultry hatchery production facilities to enhance the vertical integration of poultry supplies. This will provide 720 new job opportunities, said Almarai Chairman Prince Naif bin Sultan bin Mohammed bin Saud Al Kabeer.
The poultry production facilities to be established through these investments in Al Jouf region are among the several facilities that will be distributed in several regions across the Kingdom to ensure that fresh chicken reaches the final consumer in record time. It also aims at reducing the risks of relying on only one site for production, as this meets the goals of biosecurity for Almarai.
The company recently launched investments worth SAR 4.5 billion in Al-Shamli, Hail, to expand poultry production, Argaam reported earlier.
The two investments fall within the framework of Almarai’s board of directors’ plan, which was approved in May 2021, to inject capital investments estimated at SAR 6.6 billion with the aim of expanding poultry production to double the company's market share in this segment.
Comments
{{DisplayName}}
{{ElapsedTime}}