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FINANCIAL NEWS
UAE, India join forces to build USD38m rice mill
01 Dec 2015
(MENAFN) Abu Dhabi is set to house a massive USD38 million rice mill with a production capacity of 80,000 tons a year, and will become operational in April-June period next year.
Accordingly, the Al-Dahra Kohinoor facility, a dual venture between Abu Dhabi’s agribusiness firm Al-Dahra Holding and India’s Kohinoor Foods will be placed in the Khalifa Industrial Zone.
Moreover, the mill will handle the full production cycle from milling, storing, packing and distributing the rice within the UAE and exporting to overseas markets through Khalifa Port.
“Al-Dahra Kohinoor facility will ensure the sustainable supply of vital food commodities into Abu Dhabi and we are eager to launch operations by the second quarter of 2016,” said Al-Dahra’s chairman.
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