Saudi Arabia’s Almarai, the Middle East’s largest dairy company, plans to invest more than 18 billion Saudi riyals ($4.8 billion) until 2028 to boost its existing businesses and expand into new segments.

The plan includes 7 billion riyals for poultry expansion and 5 billion riyals for strengthening food categories such as dairy, juice and bakery, the company said in a bourse filing to the Saudi stock exchange Tadawul, where its shares are traded.

It is also looking at growing “promising” operating sectors such as frozen food products, red meat, seafood and ice cream.

Almarai said that one billion riyals would be allocated to entering new food segments, and four billion riyals to developing supply chain and sales capabilities to support local and regional expansion plans.

The company also earmarked one billion riyals to support and accelerate technology development.

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