{"id":82068,"date":"2024-01-21T00:00:00","date_gmt":"2024-01-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/mmm-steak\/"},"modified":"2024-01-21T00:00:00","modified_gmt":"2024-01-21T00:00:00","slug":"mmm-steak","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/mmm-steak\/","title":{"rendered":"Mmm\u2026 steak"},"content":{"rendered":"

Brazil-based <\/strong>meat giant <\/strong>JBS<\/a><\/strong> is mulling a USD 2 bn investment to <\/strong>establish a <\/strong>livestock farm in Qassim<\/strong>, Aleqtisadiah reported last Thursday<\/a>. The farm could export some of its production to neighboring countries, the news outlet says, citing remarks by JBS Global President of Operations Wesley Batista on the sidelines of WEF in Davos. Information about the timeframe for the potential investment wasn\u2019t disclosed. <\/p>\n

The investment has been in the works for a while now: <\/strong>Brazilian President Luiz Inacio Lula da Silva headed a delegation to the Kingdom last November to chew over new investments in town. Batista and JBS joined the delegation accompanying Lula. \u201cEvery day we become more interested in exploring the possibility of making much more relevant investments than we had been thinking about in the past,\u201d Reuters<\/a> reported Batista as having said at the time. <\/p>\n

Not a stranger: <\/strong>The animal protein processor acquired a plant in Dammam in 2022<\/a> and there is another currently under construction in Jeddah, the newswire<\/a> reported. The Jeddah facility is expected to drive a 4x increase in the company\u2019s processed chicken production to 40k metric tons annually, the newswire reported citing a statement by parent company J&F Investimentos<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Some of the potential production will be earmarked for regional exports<\/p>\n","protected":false},"author":1,"featured_media":82069,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2616],"tags":[249,10,24,31,248,250,252,251],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-brazil","tag-enterpriseam-ksa","tag-food","tag-investment-watch","tag-jbs","tag-poultry","tag-qassim","tag-wesley-batista","wpautop","entry"],"acf":{"mongo_id":"e494bce9-8dae-4e4f-bcab-6c1c1a663d58","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1630.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Meatpacking giant JBS wants to expand its footprint in Saudi Arabia with another farm in Qassim","related_issue":[82060],"teaser":"Some of the potential production will be earmarked for regional exports","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.b9457eaf-5464-4de8-8356-c7deffae3883.mp3"},"yoast_head":"\nMmm\u2026 steak - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/mmm-steak\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mmm\u2026 steak\" \/>\n<meta property=\"og:description\" content=\"Some of the potential production will be earmarked for regional exports\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/mmm-steak\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1630.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/mmm-steak\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/mmm-steak\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mmm\u2026 steak\",\"datePublished\":\"2024-01-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/mmm-steak\/\"},\"wordCount\":200,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/mmm-steak\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1630.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Brazil\",\"EnterpriseAM KSA\",\"food\",\"INVESTMENT WATCH\",\"JBS\",\"Poultry\",\"Qassim\",\"Wesley Batista\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/mmm-steak\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/21\/mmm-steak\/\",\"name\":\"Mmm\u2026 steak - 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