Saudi Arabia’s Tanmiah Food Co. announced on Thursday a plan to invest SAR 4.5 billion ($1.2 billion) by 2030 to cover 80% of poultry needs locally by 2025 and achieve food security and sustainability in the Kingdom.
During a ceremony held in Riyadh, Saudi Minister of Environment, Water, and Agriculture Abdulrahman Al-Fadhli oversaw the launch of new projects aimed at achieving self-sufficiency.
Tanmiah Food Co. signed four agreements with the Agricultural Development Fund (ADF), Saudi Investment Recycling Co. (SIRC), and the National Center for Vegetation Development and Combating Desertification, in addition to a strategic partnership for food development with the EU's largest poultry producer MHP.
These agreements aim to cover the Kingdom's needs and achieve self-sufficiency in poultry production, in addition to increasing green areas and reducing pollution.
Moreover, the agreements contribute to strengthening the role of the private sector as a key partner in achieving the goals of Saudi Arabia’s national transformation plan, Vision 2030.
Tanmiah also announced the launch of a community partnership initiative with small investors in the poultry industry to produce 1.2 million chickens per day, as well as the adoption of a new healthy production line called “Tanmiah Life”, for healthy poultry products supported with Omega 3.
Tanmiah is one of the national companies operating in the sector of fresh and frozen poultry, processed meat products and animal feed.
Besides being a public company listed on the Saudi Tadawul, Tanmiah is the leading provider of poultry and other meat products in the Middle East and North Africa region. It has been able to obtain the approved global standard for food safety from the British Retail Consortium.
