Brazilian meat giant JBS is set to quadruple production in Saudi Arabia with the opening of a new facility in November. The company, known for exporting poultry to the Middle East for three decades, aims to expand its value-added production at the new plant. With a $50m investment in a breaded chicken factory in Jeddah, JBS plans to create 500 jobs.Earlier this month, JBS announced investments in other regions as well. The company is injecting A$110m ($73.6m) into its Huon Aquaculture salmon-farming business in Australia’s Whale Point farm in Tasmania. Additionally, JBS will invest approximately C$90m ($66m) in a new patty processing line in a Canadian facility to increase beef patty production for restaurants in western Canada.
JBS CEO Gilberto Tomazoni recently met with representatives from Saudi Arabia in São Paulo to explore further investment opportunities aligned with the country’s Saudi Vision 2030 economic development program. The discussions focused on connecting investment, job opportunities, and promoting the green economy.
The possibilities discussed reflect JBS’s commitment to expanding its global presence and contributing to economic development in various regions. By strategically investing in new facilities and production lines, the company aims to meet growing consumer demand and strengthen its position in the food and beverage industry.
