NADEC CEO says livestock project to produce 1M head yearly

Logo of National Agricultural Development Co. (NADEC)

Abdulaziz Al-Rebdi, Chairman of National Agricultural Development Co. (NADEC), said its subsidiary, Alraie National Livestock, signed an agreement with the Agricultural Development Fund (ADF) to finance an intensive livestock breeding and fattening project.

The facility will have an annual production capacity of one million head, he told Argaam on the sidelines of the signing ceremony in Hail.

Al-Rebdi said 30% of production will come from contractual partnerships with small-scale breeders and farmers.

Construction will begin within four weeks, with the first production phase launching in 2026.

The project is a strategic partnership between NADEC and Al Muhaidib Group, combining their expertise to create an integrated model based on global best practices in sheep breeding and fattening.

Al-Rebdi said the initiative will create jobs for citizens and expatriates while supporting local businesses and service providers in Hail and across the Kingdom.

Sustainability is a priority, with the project focusing on clean energy, environmental preservation, and local economic growth, he added.

The Chairman said the project is part of NADEC’s 2023 strategy to expand in red meat and animal protein.

After launching beef production, this venture marks its second major investment in the sector.

NADEC’s 51% owned subsidiary, Alraie National Livestock, secured today, March 24, up to SAR 1.1 billion from ADF to finance the intensive livestock farming project, covering sheep and goat breeding and meat production.