Cibi e Bevande
Tanmiah Food Company partners with international food and agrotech leader MHP Group to boost Saudi poultry production
The joint venture's primary focus will be developing and operating poultry breeding facilities and includes the establishment of a greenfield hatchery in Saudi Arabia to hatch 108 million hatching eggs per annum. It will also invest in feed milling facilities with the target of producing 137 thousand tonnes of feed per annum.
The initiatives will be primarily funded by the Agriculture Development Fund of Saudi Arabia . MHP is set to provide a wide spectrum of industry expertise across the value chain to capture the long-term opportunities and design the best-in-class facilities fully adapted to local market conditions.
The establishment of the joint venture company remains subject to necessary regulatory approvals including the clearance by the General Authority for Competition of Saudi Arabia and other applicable authorizations.
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Tanmiah is on track to achieving its ambitious growth plans, which include expanding its production capacity for fresh poultry and further processed products and developing new and innovative products and services that cater to the changing demands of domestic and international consumers.
, commented:
The signing ceremony was held in Riyadh at the offices of the Ministry of Environment, Water, and Agriculture on February 16 , 2023. Representatives from the Ministries of Investment, and Commerce, of the Kingdom of Saudi Arabia , Saudi Food and Drug Authority, Agricultural Development Fund and Saudi Investment Recycling Company also attended this event.
www.tanmiah.com
www.mhp.ua, www.mhp.com.cy
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