JBS Expands Poultry Operations in Saudi Arabia, Doubling Output by 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Source: seekingalpha
- Capacity Doubling Plan: JBS's new poultry processing facility in Jeddah aims to double output by the end of 2026, indicating strong local demand and Saudi Arabia's focus on food security.
- Significant Investment: The expansion will be backed by approximately $50 million in funding as part of an $85 million nationwide investment program since 2021, with expected annual production nearing 40,000 tons.
- Job Creation: The new expansion is projected to add around 500 direct jobs, bringing the local workforce close to 1,000, thereby further stimulating the Saudi economy.
- Strategic Alignment: JBS's expansion aligns with Saudi Arabia's Vision 2030, reinforcing its three-decade commercial relationship with the Saudi market while enhancing competitiveness in the Gulf region.
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Analyst Views on JBS
Wall Street analysts forecast JBS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JBS is 19.07 USD with a low forecast of 17.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 15.710
Low
17.00
Averages
19.07
High
22.00
Current: 15.710
Low
17.00
Averages
19.07
High
22.00
About JBS
JBS N.V. is Netherlands-based Company primarily engaged in the food and protein processing industry. The Company focuses on the production and global distribution of animal protein and food products to retail, foodservice, and industrial clients. The Company has in its offer poultry, pork, beef, lamb, fish and plant-based products. In addition, the Company operates in sectors such as leather, biodiesel, fertilizers, collagen, sausage casings, hygiene and beauty, metal packaging, transportation, waste management solutions. The Company is active worldwide in 17 countries and is listed on The New York Stock Exchange (NYSE).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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