The firm gave a presentation to potential investors in Jeddah this month, outlining the project for the factory, based in Bihar, India. ABZ Agro estimates the minimum potential annual return on investment at 27%.
Buffalo meat from the facility would primarily be for export. Key markets for the meat include Vietnam, Malaysia, Thailand, Saudi Arabia, Egypt and UAE.
“ABZ Agro Foods Ltd. is a professionally managed company in New Delhi, with adequate experience and expertise in manufacture and export of frozen boneless buffalo meat with contacts in major meat markets of the world,” said a statement from the company.