Baladna and Widam Food announced today the signing of a partnership agreement to supply the local market with veal meat for the first time. The agreement was signed at Baladna's headquarters.

 

The signing ceremony was attended by Engineer Mohammad Badr Al Sada, Chairman of Widam Food and Vice Chairman of Baladna; Mr. Moutaz Al Khayyat, Chairman of Baladna and; Mr. Ramez Al Khayyat, Managing Director of Baladna.

 

Mr. Malcolm Jordan, CEO of Baladna and Mr. Alnubi Salem Al Marri, CEO of Widam Foods signed the partnership agreement on behalf of the two Qatari companies.

 

"This agreement is a clear example of the strategic and commercial integration among local companies; securing the supply of locally fresh meat market, all through the year. This step supports local production strategy and takes part in the country's plan for self-sufficiency," Engineer Mohammad Badr Al Sada stated.

 

 Mr. Moutaz Al Khayyat, Chairman of Baladna said that this agreement enhances the economic cooperation and integration among local industrialists and helps in increasing the added value in the industry.

 

"It will raise competition among Qatari entities, a step that will help push the economy into further sustainable development and self-sufficiency," Mr. Al Khayyat added.

 

This agreement comes in compliance with international best practices which aims at benefiting from all products associated with main production operations. Baladna will supply veal, ageing 100 days on daily basis; whereas, Widam, will start a new production line for meat, market and distribute it in the local market, through various point of sales in the country.

 

Mr. Alnoubi Al Marri, CEO of Widam, commented on the agreement saying: "We are pleased to enter in a partnership agreement with Baladna. This agreement complies with Widam's strategy to secure local fresh products, with the highest quality standards and food safety, in addition to its role in supporting Widam's product diversification”.

 

Al Marri assured that according to the agreement, Widam will supply the local market with 500 tons of veal meat.

Mr. Malcolm Jordan, Baladna's CEO, expressed his delight with the strategic agreement, that is in line with Baladna’s plans in diversifying its sources of income and sustaining the needs of the market. Mr. Jordan praised the exceptional performance of the local industry that matches international standards.