Saudi Arabia’s Tanmiah and Tyson Foods sign strategic partnership; Korea Agro-Fisheries Trade Corp. opens branch in Kuala Lumpur; UAE-based LuLu Group expands in India; BRF Sadia opens new plant in Saudi Arabia.
Saudi Arabia’s Tanmiah and Tyson Foods sign strategic partnership
Saudi-based Tanmiah Food Company and US-based Tyson Foods have entered into a strategic partnership agreement through Tanmiah’s subsidiaries Agricultural Development Company (ADC) and Supreme Foods Processing Company (SFPC), reported MENA FN.
Tyson Foods is one of the world's biggest providers of fresh value-added poultry and other meat products, animal feed and health products. Tanmiah aims to produce more than one million birds per day by the end of 2025 as part of the kingdom’s goals to achieve food self-sufficiency.
ADC operates in Saudi Arabia, Bahrain and United Arab Emirates. Through ADC, the company produces and distributes fresh products for sale to food service providers and retailers. SFPC produces a variety of value-added pre-prepared chicken and beef products, with a distribution network spread across the Middle East, including Saudi Arabia, Kuwait, Bahrain, UAE, Oman, and Jordan among others.
Korea Agro-Fisheries Trade Corp. opens branch in Kuala Lumpur
Korea Agro-Fisheries Trade Corporation opened its fifth branch in Southeast Asia, in the Malaysian capital, with other operations in Jakarta, Bangkok, Hanoi and Ho Chi Minh City, reported Business Korea. The Korean fishing corporation aims to target Malaysia’s halal food market, as well as export.
UAE-based LuLu Group expands in India
Abu Dhabi-based LuLu Group has opened a mall in Lucknow, the fourth Indian city it has established a retail presence after Kochi, Bangalore and Thiruvananthapuram. LuLu Group India includes hypermarkets, shopping malls, food processing units, e-commerce and fun stations, reported the Indian Express. The LuLu Group has 235 retail stores in 22 countries across the Middle East, Asia, the US, and Europe, with an annual turnover of $8 billion.
BRF Sadia opens new plant in Saudi Arabia
BRF Sadia, one of the largest food companies in the world, has inaugurated its new plant Al Joody in Dammam, Saudi Arabia. The unit was acquired in January 2021 and received investments of around $18 million, which has increased its monthly production capacity to 1,200 tonnes of food, according to a press release. The halal market plays a strategic role in BRF Sadia’s plans for sustainable growth. The company’s halal products are exported to 14 countries, and there are plans to reach even more markets in the coming years. “It is a very positive time for the Middle Eastern markets and, with the great work from our local team, we are managing to achieve our goals while demonstrating our long-term commitment to the region and the local government's strategy,” says Lorival Luz, BRF Sadia Global CEO. BRF Sadia also has production units in the UAE and three Banvit plants in Turkey.