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FINANCIAL NEWS
UAE’s Al Rawabi Dairy to spend USD200m on expansion plans
07 Sep 2011
(MENAFN) UAE’s Al Rawabi Dairy Company’s General Manager, Dr. Ahmed Eltigani Abdul Rahim, said that since the firm planned to expand its investments outside the UAE, the company would invest USD200 million in Bahrain and Kuwait, reported Emirates 24/7.
Abdul Rahim added that in order to increase milk production and processing capacity, in 2011, Al Rawabi would also spend USD100 million on new technological investments.
He also said that the company would add new facilities, yard and cooling system, in addition to raising the number of owned cows from 7,000 to 10,000 cows by the next year.
It is worth noting that Al Rawabi Dairy produces dairy products and fresh juices. Its output reaches Dubai, Abu Dhabi, Sharjah, Al Ain, the Northern Emirates, in addition to Qatar and Oman.
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