Faqeeh Poultry to invest SR3bn in expansion
Saudi Arabia's Faqeeh Poultry Farms, the world's largest individually-owned poultry farm, has announced plans to invest more than SR3bn, as part of a plan to boost production over the next five years, Arab News has reported. The five-year plan aims to boost the company's daily production to one million broiler chickens and three million table eggs. "The SR3bn development plan includes launching new farms, chicken feed factories, model abattoirs and a vast logistic system for the prompt supply of goods to consumers across the kingdom," Abdul Rahman Faqeeh, founder and owner of the farm said. The group expects to create 6,000 jobs through the plan.
Posted on Sunday, February 7-2010
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