Saudi Dairy Firm Plans Growth as Nation Seeks Food Self-Reliance
- Almarai allocated nearly $5 billion to expand its food empire
- The company is Saudi Arabia’s largest dairy producer
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Saudi Arabia’s largest dairy producer is venturing into seafood and red meat amid greater demand, underscoring the country ambitions for greater food self-reliance.
Almarai Co. announced expansion plans worth 18 billion riyals ($4.8 billion) earlier this year to grow the categories and scale of its operations. It’s building a new domestic seafood production facility as well as one for beef and lamb, which should be up and running in two years, according to Chief Executive Officer Abdullah Albader.