The Saudi Almarai Company raised the prices of some products at the beginning of 2023, due to the high costs of production inputs.
The company said in a tweet on “Twitter” that the costs of production inputs, feed prices, and shipping costs have witnessed a significant increase during the last period.
She added that the increase in production inputs obligated us to adjust the prices of a few dairy products to cover part of this high cost.
Last December, Almarai Company announced an investment of 1.2 billion riyals in Sakaka Governorate in Al-Jouf region, with the aim of developing poultry broodstock production facilities.
The Chairman of the Board of Directors of Almarai Company, Prince Nayef bin Sultan bin Muhammad bin Saud Al-Kabeer, said: “The care that the government of the Custodian of the Two Holy Mosques and his crown prince gives to the private sector has directly contributed to the development of this sector to contribute effectively to achieving the goals of the Kingdom’s Vision 2030 to enhance food security in the Kingdom.” “.
Prince Nayef added that the investments include developing poultry production facilities, with the aim of enhancing vertical integration of poultry supplies, and will provide 720 new job opportunities.
It is noteworthy that Almarai Company had launched a similar investment in the Hail region, at a value of 4.5 billion riyals, to expand poultry production. With the aim of enhancing the vital security of the sector, in addition to distributing the company’s contributions to economic development in various regions of the Kingdom.