Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS A feed protein production facility is going to be established in Saudi Arabia. It is reportedly intended to produce as much as 50,000 MT of animal feed protein annually through the processing of methane gas. Construction is expected to begin in the second half of 2020 with completion taking up to 24 months. Saudi food group Almarai reports a decline in profits. Its dairy sector is said to be down approximately 23 percent due to higher import costs for alfafa, although total sales did rise. However, Almarai reports that its poultry division has done very well and is showing strong growth as well as increased profitability. Egypt is planning to build a $200 million pier and grain termina...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.