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FINANCIAL NEWS
UAE, India joint rice mill’s construction on track
12 May 2016
(MENAFN) Abu Dhabi has been housing a massive USD38 million rice mill with a production capacity of 80,000 tons a year, and will become operational in May-June period this year.
Accordingly, the Al-Dahra Kohinoor facility, a dual venture between Abu Dhabi’s agribusiness firm Al-Dahra Holding and India’s Kohinoor Foods has been 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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