PIF’s Halal Products, Brazil's BRF to set up JV for Saudi poultry production localization

Logo of Halal Products Development Co.

Halal Products Development Co. (HPDC), which is fully owned by the Public Investment Fund (PIF), signed an agreement with Brazilian food processor BRF to form a joint venture (JV). The new JV will boost production capacity in the poultry sector and contribute to localizing the manufacturing of food and Halal products in the Kingdom.  

The JV will operate in the entire chicken production chain in Saudi Arabia and sell fresh, frozen and processed products. 

The PIF aims that the project will contribute to meeting the domestic target of 80% poultry self-sufficiency by 2025, reducing reliance on imports as well as localizing technology and knowledge within Saudi Arabia, in line with Saudi Vision 2030, the National Agriculture Strategy and the National Food Security Strategy.

The Ministry of Environment, Water and Agriculture in coordination with other competent government authorities will provide the necessary support to ensure the success of this partnership, according to the PIF.

The JV is HDPC’s first project to develop Halal products. HDPC will invest in localizing the Halal production industry in the Kingdom.