date:Nov 01, 2019
Brazilian food company BRF has announced plans to build and operate a chicken processing plant in Saudi Arabia with an investment of approximately $120m.
The company signed a non-binding memorandum of understanding with the Saudi Arabian General Investment Authority (SAGIA).
The investment is expected to expand and strengthen the presence of the Brazilian company in Saudi Arabia.
In its SEC filing, BRF noted that it will use the new chicken processing facility for a wide range of products, in