SAO PAULO: J&F, parent company of food processor JBS SA, said on Tuesday the meat giant is mulling new investments in 萝莉视频 as a Brazilian government delegation that includes President Luiz Inacio Lula da Silva meets local officials to boost business ties, according to Reuters.

鈥淓very day we become more interested in exploring the possibility of making much more relevant investments than we had been thinking about in the past,鈥� Wesley Batista, a member of JBS鈥� founding family, said from Riyadh, according to the statement.

J&F, which has interests in the food, mining, pulp, paper and energy sectors, said JBS has a plant in Damman and another unit under construction in Jeddah.

Once the Jeddah facility is operational, JBS will boost capacity in 萝莉视频 to 40,000 tons of processed chicken products per year, four times current levels, J&F said.

萝莉视频 is the largest economy in the Middle East and Brazil鈥檚 main trading partner in the region, with bilateral transactions worth more than $8 billion in 2022, J&F said.

Brazil, the world鈥檚 top exporter of halal meats that are produced according to Muslim dietary requirements, is home to some of the planet鈥檚 most efficient meat exporters.

BRF, Minerva and Marfrig also sell products in the Gulf region and represent fierce competition to JBS.

鈥淭he food sector is our main area of 鈥嬧€媍ooperation,鈥� Khalid Al-Falih, 萝莉视频鈥檚 minister of investment, was quoted as saying in J&F鈥檚 statement.

He said 萝莉视频 wants to achieve 鈥渇ood security鈥� and become a 鈥済lobal hub鈥� the meat sector.