Just Food | 13 September 2023MHP, Tanmiah Food sign deal in fresh Saudi food-security move
by Henry Mathieu
Poultry groups MHP and Tanmiah Food Company have struck a deal to set up a joint venture they say will boost Saudi Arabia’s food security.
Ukraine-based MHP, which is listed in London, and Tanmiah Food have set out plans for the farming operations, which will include a hatchery and a feed mill. The planned location was not disclosed and neither company has responded to Just Food’s requests for further information.
Between MHP and Tanmiah Food’s subsidiary Desert Hills Veterinary Services (DHV) Sr200m ($53.3m) will be invested in the operations. DHV will hold 55% of the venture.
The new business is expected to produce approximately 175 million hatching eggs annually.
Zulfiqar Hamadani, CEO of Tanmiah Food, said: “Our collaboration with MHP signifies more than just a partnership; it represents our commitment to strengthen Saudi Arabia’s food security framework.”
He added: “Utilising our local knowledge combined with global best practices, our portfolio of best-in-class products, services and solutions demonstrates our commitment to our customers, partners and the broader objectives of Vision 2030.”
