By Bernd Debusmann Jr
In 2018, Brazilian agribusiness exports to Saudi Arabia reached $1.7 billion
The Saudi Food and Drug Authority has approved eight Brazilian beef exporting plants, the Brazilian government said on Monday.
The approvals follow a visit to the kingdom by Brazilian president Jair Bolsonaro in October.
“It is a great start to the week,” Brazilian agriculture minister Tereza Cristina Dias said in a statement.
In 2018, Brazilian agribusiness exports to Saudi Arabia reached $1.7 billion, according to government statistics.
Earlier this week, Brazilian chicken processor BRF SA will help Saudi Arabia achieve its goal of producing 60 percent of its chicken demand locally in the kingdom.
During a Friday conference call, BRF managers said that an October visit by Brazilian president Jair Bolsonaro to Saudi Arabia had helped officials there to increasingly see Brazil as a “a partner.”
In October, BRF announced plans to invest $120 million in a chicken processing plant in Saudi Arabia to bolster its presence in the Middle East.
The company currently has four production facilities in the region, and currently serves the Saudi market through eight facilities in Brazil and a factory in Abu Dhabi.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.