“Food Development” expects a memorandum of understanding with a Brazilian poultry company

Today, the Food Development Company signed a memorandum of understanding with the company Vibra Enditters “Vibra”, one of the largest producers and exporters of poultry in Brazil, to explore investment and strategic cooperation opportunities.
According to the company’s statement on the circulation of Saudi Arabia, these initiatives are compatible with the vision of the Kingdom of Saudi Arabia 2030, which aims to enhance food security and self -sufficiency of the Kingdom.
The company said: With its commitment to the goals of food security and self -sufficiency of the Kingdom, and its continuous focus on global partnerships, the development company signed a memorandum of understanding with the Fibrra Esturtril Company at the headquarters of the Ministry of Environment, Water and Agriculture. The Memorandum of Understanding paves the way for investments and potential cooperation in two main fields:
1. Expansion of other manufacturing products, by investing to enhance the ability and efficiency of development in the field of other manufacturing products.
2. The International Halal Initiative, through the development of a global halal brand based in Saudi Arabia, and the benefit from the standards of halal Saudi Arabia and effective production capabilities in Fibra in Brazil, to advance the wheel of innovation, rationalize supply chains, and expand the scope of halal markets.
Such partnerships enhance the strategic vision of the development company for sustainable growth and leadership in the global halal food industry.
She explained that the period of the memo is two months, which can be extended if it is agreed between the two parties.