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Almarai to invest $533m in Hail
- Saudi Arabia: Monday, November 09 - 2009 at 09:35
Saudi Arabia's largest food producer by market value, Almarai Co. has said it will invest SR2bn ($533.3m) to expand the business of Hail Agricultural Development Co. (Hadco) it had acquired recently, according to Arabic al-Eqtisadiah newspaper. The firm would focus these investments on raising Hadco's poultry output fivefolds to an average of 120,000 chicken per hour, Chairman Prince Sultan Mohamed al-Kabeer al-Saud was quoted as saying.
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StaffMonday, November 09 - 2009 at 09:35 UAE local time (GMT+4)
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