LONDON, UK: MHP SE, a big food and agrotech company from Ukraine, has signed a deal with Desert Hills Veterinary Services Company Limited (DHV), a part of Tanmiah Food Company, a leading poultry and meat producer in the Middle East. The deal will help MHP grow its business internationally and help Saudi Arabia produce more poultry products locally.

The deal was signed in Jeddah on 7 September 2023 with the presence of the Chairman of Tanmiah, His Excellency Sheikh Amr Al-Dabbagh, the Ambassador of Ukraine, His Excellency Mr. Anatolii Petrenko, and other officials from both countries. Dr John Rich, the Executive Chair of MHP SE, and Eugene Levterov, the MENA Managing Director of MHP, also attended the ceremony.

The deal will involve DHV and MHP SE investing more than SAR 200 million in building farms, a hatchery, and a feed mill. The farms will have more than 1 million parent stock that will produce about 175 million hatching eggs every year. DHV will own 55% of the joint venture, while MHP will own 45%.

Dr John Rich said that the deal was a strategic move for MHP to expand its global reach and to work with Tanmiah to meet Saudi Arabia’s food security goals. He said that they would use their combined expertise to improve the poultry sector and to create new standards of excellence. He also said that they were committed to a long-term relationship that would benefit both parties and the whole region.

Zulfiqar Hamadani, the CEO of Tanmiah Food Company, said that the deal was more than just a partnership; it was a way to strengthen Saudi Arabia’s food security framework. He said that they would use their local knowledge and global best practices to offer high-quality products, services, and solutions to their customers and partners. He also said that they were aligned with the vision of Vision 2030.

Ahmed Bin Sharaf Osilan, the Executive Board Member and Managing Director of Tanmiah Food Company, said that the deal was a strategic step to create value for their stakeholders and to achieve Vision 2030. He said that they were building facilities that were important for the poultry ecosystem in Saudi Arabia, increasing non-oil GDP private sector contribution, local employment opportunities, and knowledge transfer.

The deal is subject to approval from the General Authority for Competition of Saudi Arabia and other relevant authorities.