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FINANCIAL NEWS
Oman Food to acquire land for OMR37mn red mead project
18 Dec 2016
(MENAFN) Oman Food Investment Co. is developing a main OMR37mn-red meat project with Omani National Livestock Development Co. in order to acquire land for the project at Thumrait region.
Accordingly, the land is to be acquired in the area soon and water drilling permit will also be acquires, while the new venture will import livestock and fatten them.
Furthermore, animals will be imported from many nations, whereas the main import of livestock is predicted from Africa (Ethiopia, Somalia and Sudan).
On the other hand, the project also plans to enhance food security, food safety and capitalize on the niche business chances to offer reliable, high quality branded meat in Oman.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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