Saudi Arabian company Almarai plans to invest SR 4 billion (US$1.07 billion) in the country's poultry sector in the next five years, expanding an industry that currently meets only 56 percent of domestic demand, according to CEO Abdulrahman A. Al-Fadley.
Overall, Almarai intends to increase its investments to SR 15.6 billion (US$4.16 billion) and employ 12,000 Saudi nationals at its various factories and sectors. In addition to poultry, the company's investments include dairy (SR 2 billion — US$533.3 million) and a baby milk plant (SR 1 billion — US$266.7 million). Almarai is also involved in the University Students Co-operation Training program. The company has more than 4,700 Saudi employees on its payroll, and career development programs equip Almarai employees with more technical skills to enable them to increase their efficiency, said Al-Fadley.