Tarek Al-Jamaz, CEO of Al-RaiNational Livestock
The red meat production sector in the Kingdom is witnessing continuous growth, especially with the achievement of a self-sufficiency rate of 61%, according to Tarek Al-Jamaz, CEO of Al-RaiNational Livestock, a 51%-owned subsidiary ofNational Agricultural Development Co. (NADEC).
Such growth paves the way for investors to strengthen local supply chains and leverage the move towards increasing local production and reducing dependence on imports, he added, in an interview with Argaam.
According to the top executive, one of the key initiatives launched by AlRai is contracting with small farmers, where it provides them with genetically improved sheep, feed, and the necessary training, which helps them develop their production capabilities and improve the efficiency of the sector as a whole.
AlRai is one of the most promising companies in the red meat and food security sector in Saudi Arabia. It was established through a partnership between NADEC and Al Muhaidib Group, with the aim of developing the sheep and goat industry and upgrading the quality of production to match international standards, said Al-Jamaz.
He further indicated that the signing of the financing agreement with the Agricultural Development Fund (ADF) will accelerate the company’s plans and expand its production operations by developing slaughtering, cutting, distribution and logistics facilities, ensuring higher efficiency and better quality.
The CEO also pointed out that the company relies since inception on innovation and advanced technology in its operations, through the use of clean energy, waste management technologies and minimizing waste, which helps reduce operational costs and, in turn, reflects positively on the final prices of consumers upon project completion.
He expects that AlRai will have a key role in achieving food security for the Kingdom and boosting local production in modern and sustainable ways.
According to data available with Argaam, NADEC said today that its subsidiary signed a financing agreement with ADF with a ceiling of SAR 1.1 billion. The funds will be used to establish a project focused on intensive livestock breeding (sheep and goats), reproduction, and meat production. The amount will be disbursed in stages based on the project’s progress and the submission of required documents.
Tarek Al-Jamaz, CEO of Al-RaiNational Livestock
The red meat production sector in the Kingdom is witnessing continuous growth, especially with the achievement of a self-sufficiency rate of 61%, according to Tarek Al-Jamaz, CEO of Al-RaiNational Livestock, a 51%-owned subsidiary ofNational Agricultural Development Co. (NADEC).
Such growth paves the way for investors to strengthen local supply chains and leverage the move towards increasing local production and reducing dependence on imports, he added, in an interview with Argaam.
According to the top executive, one of the key initiatives launched by AlRai is contracting with small farmers, where it provides them with genetically improved sheep, feed, and the necessary training, which helps them develop their production capabilities and improve the efficiency of the sector as a whole.
AlRai is one of the most promising companies in the red meat and food security sector in Saudi Arabia. It was established through a partnership between NADEC and Al Muhaidib Group, with the aim of developing the sheep and goat industry and upgrading the quality of production to match international standards, said Al-Jamaz.
He further indicated that the signing of the financing agreement with the Agricultural Development Fund (ADF) will accelerate the company’s plans and expand its production operations by developing slaughtering, cutting, distribution and logistics facilities, ensuring higher efficiency and better quality.
The CEO also pointed out that the company relies since inception on innovation and advanced technology in its operations, through the use of clean energy, waste management technologies and minimizing waste, which helps reduce operational costs and, in turn, reflects positively on the final prices of consumers upon project completion.
He expects that AlRai will have a key role in achieving food security for the Kingdom and boosting local production in modern and sustainable ways.
According to data available with Argaam, NADEC said today that its subsidiary signed a financing agreement with ADF with a ceiling of SAR 1.1 billion. The funds will be used to establish a project focused on intensive livestock breeding (sheep and goats), reproduction, and meat production. The amount will be disbursed in stages based on the project’s progress and the submission of required documents.
