Brazil's BRF and HPDC announce $160 million investment in new food plant in Saudi Arabia
21/04/2025 12:16
SAO PAULO, April 21 (Reuters) - Brazilian meat processor BRF and the Halal Products Development Company (HPDC), a subsidiary of Saudi Arabia's Public Investment Fund (PIF), announced on Monday a $160 million investment in a new food plant in Saudi Arabia, BRF said in a statement. The plant, scheduled to start operating in mid-2026, will be built in the city of Jeddah through the BRF and HPDC joint venture, BRF Arabia Holding Company, the statement said. (Reporting by Ana Mano; Writing by Isabel Teles; Editing by Kirsten Donovan) ((Isabel.Teles@thomsonreuters.com;))
Recent news on BRF SA
See all newsSaudi Arabia's SALIC sells 70 million shares in Brazil's MBRF, reports Valor
Brazil's MBRF signs investment deal with subsidiary of Saudi Arabia's PIF
JBS sees European acquisition opportunities, major shareholder says (updated)
Brazil's antitrust authority approves Marfrig-BRF deal (updated)
Brief: SALIC changes structure of investment in Brazil's BRF