(Ecofin Agency) - Investment firm headed by Saudi Yousif Othman Al Qasabi revealed it will invest in Burkina Faso’s poultry industry. According to APA, the firm plans to inject FCFA16 billion ($32 million) in the country’s local poultry.

The funding will allow for the construction of an infrastructure in Kombissiri which will produce more 15,000 poultry daily and employ 1,500 people.

This investment is proof of Saudi’s desires to position themselves in a sector which is quite buoyant in Burkina Faso. Truly, in the capital city Ouagadougou alone, more than 50,000 poultyunits are consumed daily. The sector which produces 35 millions poultry units a year, generates a turnover of FCFA63 billion, APA said.

The project also translates the good relationship, economic and diplomatic, between Ouagadougou and Riyad. This relationship should even be strengthened as Burkina’s president, Rock Marc kaboré, is to visit Saudi Arabia, during the year.

Aaron Akinocho