BRF + HPDC break ground on Jeddah factory: Brazil-based food processor BRF and PIF-owned Halal Products Development Company (HPDC) started building a new USD 160 mn processed food factory in Jeddah with an annual capacity of 40k tons, according to a press release.

The plant is being developed by BRF Arabia, a JV established in August 2023, with 70% owned by BRF and 30% owned by HDPC.

The details: The investment will be spread across 2025 and 2026, spending some USD 63 mn this year and USD 98 mn next year. The factory’s design will allow for a future expansion to double production. The project is expected to create over 500 direct jobs and will initially rely on raw materials from Brazil, slated to begin operations in mid-2026.

What they said: “This new plant reinforces our presence and structure in the Kingdom, [and Jeddah’s] strategic location allows for better access to the consumer market and business partners,” says CEO of BRF Arabia Marquinhos Molina.

REMEMBER- BRF Arabia completed its acquisition of a 26% stake in Addoha Poultry for SAR 316.2 mn (USD 84.3 mn) in January.

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