JEDDAH, 17 March 2005 — Prominent Saudi businessman Abdul Rahman Faqeeh has disclosed plans to establish three poultry slaughterhouses in Abha, Riyadh and the Eastern Province at a total cost of SR500 million.
Faqeeh, who owns Faqeeh Poultry Farms, was talking to reporters at Nouras resorts in Jeddah on Tuesday after signing a contract with Tom Douvet, deputy chairman of the Stork Company, Holland.
Faqeeh, who is a pioneer in the poultry business in Saudi Arabia, said the new slaughterhouses would benefit hundreds of small farms.
The new move comes after a government ban on transportation of live chicken between the Kingdom’s regions.
Faqeeh said the total capacity of the three slaughterhouses would reach 500,000 tons daily.
He hoped that the new slaughterhouses together with existing ones would help stop dumping of imported poultry in the market.
He also disclosed plans to transform the Faqeeh Poultry Packing Factory into a joint stock company.
He estimated the total value of the company’s slaughterhouses at SR700 million.
Faqeeh said the new slaughterhouses would be ready by the end of this year.
Douvet said the new contract crowned the 35 years of successful business relations between the two companies. Stork is one of the largest poultry processing and packaging companies in the world.