Saudi dairy group Almarai has revealed plans to spend SAR4bn (US$1.1bn) on expanding its poultry business, according to reports.

The investment, the firm’s board of directors said yesterday (21 June), is part of the company’s long-term vision, the Gulf Times reported.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

“The increase in investment will position the company to take full advantage of the opportunity within the poultry market,” the groupsaid. “This investment will start to deliver benefits in the course of 2012 and will be financed through cash flow and is in the line of company’s objectives.”

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now