UAE’s Agthia opens $24.5 million meat plant in Saudi Arabia
ADQ-owned company seeks to help feed Saudi Arabia's growing population and provide greater food security across the region
Abu Dhabi food and beverage group Agthia has opened a meat processing facility in Jeddah, Saudi Arabia’s second-largest city, as the kingdom looks to feed its growing population and the broader region pushes for greater food security.
The $24.5 million factory, located in Jeddah’s Industrial City 1, spans 9,000 square meters and is expected to produce over 9,000 tons of processed proteins – enough to export to more than 25 countries.
Agthia, which is owned by Abu Dhabi sovereign wealth fund ADQ, is in the midst of a five-year growth strategy in its push to become one of the region’s top food and beverage companies