ArabianBusiness.com - Middle East Business News
Tuesday, 24 November 2009 18:51 UAE time

YOUR DIRECTORY /

| Share |

Oman firm signs deal for Qatar poultry project

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Monday, 09 November 2009
EGGS DEMAND: The new project will supply 20 percent of Qatar's egg and chicken demand. (Getty Images)

Oman company A'Saffa Poultry has signed a $68m deal to manage a project which aims to supply Qatar with 20 percent of its demand for poultry and eggs.

The agreement has been inked with Hassad Food of Qatar and when operational the farm project will have a capacity of 17,000 metric tonnes of chicken per annum and 90 million eggs.

Hassad Food, Qatar's main investor in the agriculture and livestock sector, and A'Saffa Poultry said the project would be up and running within 30 months.


Story continues below
advertisement

Nasser Mohamed Al Hajri, chairman and managing director of Hassad Food, said: "The new poultry farm in Qatar will comply to Islamic Shariah principles in its maintenance and slaughtering of the chicken and will have a new label of its own.

"The 30sq km farm will be located towards the south of Qatar away from the residential areas and produce up to 17,000 metric tones of chicken and 90 million eggs annually."

Production is expected to start within 30 months.

Last month, Hassad Food Company announced the establishment of a joint venture with a capital of $100m in Sudan.

The deal is part of a planned $1bn agricultural investment in the African country.

Al Hajri hailed the agreement as the beginning of a plan by his company to achieve food security for both Qatar and Sudan.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

SHARE PRICE CHECK

 EMAIL ALERTS

  1. Hassad Food, Qatar

  2. Retail


Tell us your story

READER COMMENTS

  1. Why I h8 junk txts 07
    24 Nov ' 09 at 12:46
    Trick them!Posted by Manish, Dubai - WHAT AN EXCELLENT IDEA - WHY NOT GIVE SOMEONES NUMBER IN ONE OF THE TELECOM'S DUOPOLYSURE WHEN...   More  »
  2. Dubai's Oct property sales value rises by 50% - official 04
    24 Nov ' 09 at 17:08
    now hold onto your hats people as we see a massive bounce just like the US stock market.The good ole days are here again!!!!!   More  »
  3. 'Worrying' diabetes tests raise doubt on UAE's health 04
    24 Nov ' 09 at 13:42
    Obesity is on rise in every part of the world but especially in Gulf region especially due to life style changes.We all need to...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM