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
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.
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.
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST RETAIL
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST RETAIL
LATEST MIDDLE EAST BUSINESS NEWS
- Banking & Finance: Islamic banks should target female market - report
- Travel & Hospitality: flydubai set to launch new flights to Nepal
- Real Estate: Dubai's Oct property sales value rises by 50% - official
- Politics & Economics: UAE considers allowing citizens to elect 50% of FNC
- Travel & Hospitality: Emirates brings forward Paris A380 plans
SHARE PRICE CHECK
RELATED STORIES
Hassad Food, Qatar
- Qatar's Hassad signs $100m agri deal with Sudan
27 Oct '09 | News - Qatar firm says first food products 'within a year'
20 Aug '09 | News




