With a various new projects coming on stream, a favorable government and reduced competition from imports, Saudi Arabia’s poultry output will continue to grow.
Negotiations are ongoing between the two current owners of Turkish poultry company, Banvit, on its future. A Middle Eastern sovereign fund may opt to continue its 40% share, or this may be purchased by the majority owner, BRF.
Saudi Arabia-based Tanmiah Food Company has announced it will make a number of investments to support an expansion in poultry production. Coming shortly after an oversubscribed Initial Public Offering (IPO), the company’s plans fit well with national policy to raise self-sufficiency in poultry meat production.
Following investments in hatcheries, grandparent operations, and distribution, the companies are set to produce 4 million Cobb500 parent stock per year
May 25, 2021
Cobb-Vantress and its long-standing partner Al-Watania Poultry are celebrating continued expansion in the Middle East.