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FINANCIAL NEWS
UAE’s Al Rawabi to invest USD 21.7mn in 2016
27 Mar 2016
(MENAFN) Al Rawabi, the UAE’s regional dairy producer proclaimed that it’s planning a new investment of USD 21.7mn this year to increase production and to enter new export markets.
Accordingly, the firm increased by 15 percent last year, compared to an industry average of 7 percent, which is the result of strategic thinking, phased investments over the years.
Moreover, this year the company will add a new modern state-of-the-art automated facility which will support the firm grow output to 70 percent from the recent 30 Pct.
The firm is recently producing 175,000 liters of fresh juice products and 325,000 liters of dairy products daily, and it also had invested USD 34.02mn to expand farm facilities.
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