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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.
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