The Minister of Environment, Water, and Agriculture, Eng. Abdulrahman Abdulmohsen AlFadley sponsored today signing strategic cooperation and partnership agreement at the Ministry's headquarters. Present at the event was His Excellency Mr. Amr Al-Dabbagh, Chairman of the Board of Tanmiah Food Company. The agreement, between Tanmiah Food Company, a leading Saudi food company, and Brazilian company Vibra Agroindustrial S.A, specialists in poultry production and processing, aims to achieve self-sufficiency in poultry meat and products and enhance food security in the Kingdom, aligning with Saudi Vision 2030 goals.
The agreement includes plans to invest over $150 million, with Vibra investing in Tanmiah Food Company's further processing businessto expand capacity using locally chicken. There is also a joint investment in the primary processing operations in Brazil to enhance operational efficiency and strengthen its position in the global poultry supply chain.
The ministry explained that in the first phase, Vibra will invest in Tanmiah's further processing business to building an on-farm poultry processing facility for expanding poultry production and processing products using local chicken. In the second phase, both parties will explore the potential acquisition of assets in a Brazilian facility for poultry processing.
The agreement aims to expand processing capabilities for both poultry and beef, improving supply chain efficiency. Additionally, it seeks to strengthen international partnerships in the agri-food sector, enhance food supply chain, and support food security efforts, while increasing self-sufficiency in poultry meat and products in Saudi Arabia.