Brasil Foods has signed an agreement to invest AED533m ($145m) to set up a food processing complex in Khalifa Industrial Zone Abu Dhabi (Kizad), in the UAE.

The Sao Paulo-based company will set up a plant producing meat products, marinated processed foods and other bread-based foods in the free zone area’s food manufacturing cluster of Kizad Area A. The plant is expected to start up in 2014 with a capacity of 80,000 tonnes a year (t/y).

Brasil Foods is South America’s largest food processing company and largest poultry exporter, formed after a $3.8bn joint venture of meat packers Sadia and Perdigao.