Oman government proposes $258.9 million poultry project

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  Andrea Gantz

  The Oman government has proposed a project in hopes of making the country's poultry industry more self-sufficient.

  From WATTAgNet:
  The government of Oman is planning to set up a major poultry project with a capital investment of OMR100 million (US$258.9 million) and is seeking financial support from the private sector.
  Promoted by the state-owned Oman Food Investment, the new poultry industry development is part of the country's initiative to attain self-sufficiency in poultry meat production, the Times of Oman reported.
  As part of this initiative, Oman Food Investment has invited country's largest integrated poultry company, A'Saffa Foods, to purchase a 20 percent stake in the proposed project. According to the report, the company has agreed to take a stake in the proposed OMR50 million (US$129.45 million) joint venture firm that will process poultry meat.
  A location for the proposed poultry project has not yet been established. However, the Oman government has placed two of three possible locations for the project on a short list, with the final choice of a location to be determined soon.
  The board for A'Saffa Foods has also approved another endeavor that will add to its growth. The company recently approved a proposal to set up a facility to manufacture organic waste and fertilizer production that is has obtained from residue of poultry farms.