Almarai Set To Spend More Than US$1bn On Poultry

We have highlighted Saudi Arabia's Almarai as probably the star performer in the Gulf food and drink universe over the past few years. It has a very strong dairy business and has taken some really positive steps to diversify both in terms of geography and business categories. Almarai's recently revealed plans to invest about US$1.1bn in developing its poultry business, which in its FY10 contributed a modest 2.5% to overall sales, re-enforces what we have been saying.

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