MILKY WAY

Almarai to invest $4.8 billion in Saudi dairy farms, food security

While Saudi Arabia is the world’s largest exporter of oil, the desert kingdom depends on imports for some 80% of its food supply

Yves GELLIE/Gamma-Rapho via Getty Images

Dairy cows at a farm in Saudi Arabia

By

Jonathan H. Ferziger

March 19, 2024

Almarai Co., Saudi Arabia’s biggest dairy business, announced a $4.8 billion investment program to diversify production over the next five years and strengthen food security in the kingdom.The Riyadh-based company which is 16%-owned by Saudi Arabia’s Public Investment Fund,...