Brazil is the world’s high exporter of halal meats
1 December 2023
2 minute learn
J&F, dad or mum firm of meals processor JBS SA, stated on Tuesday the meat big is mulling new investments in Saudi Arabia as a Brazilian authorities delegation that features President Luiz Inacio Lula da Silva meets native officers to spice up enterprise ties, reported Reuters.
“Each day we grow to be extra concerned about exploring the opportunity of making rather more related investments than we had been excited about previously,” Wesley Batista, a member of JBS’ founding household, stated from Riyadh, in line with the assertion.
J&F, which has pursuits within the meals, mining, pulp, paper and power sectors, stated JBS has a plant in Damman and one other unit below development in Jeddah. As soon as the Jeddah facility is operational, JBS will increase capability in Saudi Arabia to 40,000 metric tons of processed rooster merchandise per 12 months, 4 instances present ranges, J&F stated.
Saudi Arabia is the biggest financial system within the Center East and Brazil’s essential buying and selling companion within the area, with bilateral transactions value greater than $8 billion in 2022, J&F stated.
Brazil, the world’s high exporter of halal meats which might be produced in line with Muslim dietary necessities, is house to a number of the planet’s most effective meat exporters.
BRF, Minerva and Marfrig additionally promote merchandise within the Gulf area and signify fierce competitors to JBS.
“The meals sector is our essential space of cooperation,” Khalid Al-Falih, Saudi Arabia’s minister of funding, was quoted as saying in J&F’s assertion.
He stated Saudi Arabia needs to attain “meals safety” and grow to be a “international hub” the meat sector.
