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FINANCIAL NEWS
Atyab Investment to build grain terminal in Sohar Port
15 Sep 2014
(MENAFN) Atyab Investment, Oman Flour Mills’ investment arm, is expected to have a key role, on behalf of the Omani government, in the development and operation of a major grain storage and handling terminal planned at Sohar Port, Oman Observer reported.
The facility is expected to help in establishing a strategic food reserve in Sohar as well as having the potential to initiate the emergence of a strong agro cluster at the industrial port and adjoining free zone.
Atyab is set to equip the terminal with a complex of silos, major flour mill and bulk grain handling facilities, the facility is also expected to serve as a hub for trading in grain commodities for the first time in the Sultanate.
The facility will serve as a strategic stockpile for food grains, as well as featuring a complex of silos with a capacity to hold around 200,000 tons of grain commodities in the first phase, which could be increased to a capacity of 300,000 tons in the second phase.
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