Tanmiah Food to invest SAR 4.5 bln by 2030, signs 4 agreements

Tanmiah Food Co. announced its plan to invest SAR 4.5 billion by 2030. It also seeks to produce 80% of the Kingdom’s poultry needs locally by 2025, and to produce fodder locally in an innovative and environment friendly manner.

During a ceremony held today, the company signed four agreements with the Agricultural Development Fund, the 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 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.

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, in addition to adopting a new healthy production line called “Tanmiah Life”, for healthy poultry products supported with Omega 3.