Saudi Arabia Invest Poultry
Poultry Farm in Saudi Arabia
Saudi Arabia's Balady Poultry Company is to invest SAR1. 14 billion ($303 million) over five years to expand its business.
The plans involve establishing two hatcheries with a combined capacity of 200 million.
Saudi Arabia is actively investing in its poultry industry to achieve self-sufficiency and bolster food security. Key developments include:
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Government Initiatives: The Ministry of Environment, Water, and Agriculture (MEWA) aims for local poultry production to account for 80% by 2025 and 100% by 2030. To support this, MEWA offers incentives, including subsidies up to US$ 187 million annually for local producers. citeturn0search0
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Private Sector Expansion: Almarai, the largest Saudi dairy farm and the third-largest chicken meat producer, announced a US$ 1.8 billion expansion plan to double its poultry production over the next five years. citeturn0search0
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Recent Investments: Balady Poultry Company plans to invest SAR1.14 billion (approximately US$303 million) over five years to establish two hatcheries with a combined capacity of 200 million chicks annually and a processing facility capable of handling 500,000 birds per day. citeturn0search1
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Production Milestones: In the first half of 2024, Saudi Arabia's poultry meat production reached 558,000 metric tons, a record level for the country, marking a 9% year-on-year increase.
Information Source- [Arabian Golf Business Insight]
These efforts reflect Saudi Arabia's commitment to enhancing its poultry industry through substantial investments and strategic initiatives.
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The investment really impart positive vibes created. A lot more created jobs in farming field. Finally Pakistan, India, Bangladesh and Srilanka seek job can get opportunity.
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