Saudi Arabian company Almarai plans to invest SR 4
billion (US$1.07 billion) in the country's poultry sector in the next five
years, expanding an industry that currently meets only 56 percent of
domestic demand, according to CEO Abdulrahman A. Al-Fadley.
Overall, Almarai intends to increase its
investments to SR 15.6 billion (US$4.16 billion) and employ 12,000 Saudi
nationals at its various factories and sectors. In addition to poultry, the
company's investments include dairy (SR 2 billion — US$533.3 million) and a baby
milk plant (SR 1 billion — US$266.7 million). Almarai is also involved in the
University Students Co-operation Training program. The company has more than
4,700 Saudi employees on its payroll, and career development
programs equip Almarai employees with more technical skills to enable them to
increase their efficiency, said Al-Fadley.
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