Brazil’s BRF starts operations in Dammam plant

Logo of BRF

Brazilian chicken and food processor BRF Co. launched operations at its plant in Dammam, affirming that Saudi Arabia is an important market for the company in the Middle East, Reuters reported.

The company said it invested $18 million in a plant in Dammam with a goal to raise processing capacity to 1,200 tons per month.

Last January, BRF signed a memorandum of understanding (MoU) with the Public Investment Fund (PIF) to establish a joint venture (JV) to produce and sell poultry products in the Kingdom, Argaam earlier reported.

The company added that it will own a 70% stake in the project, while the PIF will own the remaining 30%.