Omani-Saudi joint venture to establish food and drink factories in Khazaen Economic City

OMAN – The Omani- Saudi joint venture has announced plans to establish seven food and drink factories in the Khazaen Economic City, a world-class integrated economic city located in the Sultanate of Oman. According to reports by local dailies, The Omani-Saudi joint venture which is made up of United Vision for Investment and Development and Al Maha Food Industries signed three tenancy agreements with authorities of the Khazaen Economic City. The three tenancy agreements are reported to be valued at nearly OMR 3 million (approximately US$7.8 million) and include nearly…

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Oman Flour Mills appoints new general manager for its subsidiary, Sohar Flour Mills

ASIA – Oman Flour Mills has appointed Endrik Mehlo as new general manager for its subsidiary Sohar Flour Mills, a state-of-the-art flour milling plant set with a vision to expand the production coverage of different types of flour across Oman. Endrik Mehlo served at Oman General Mills as chief operating officer since 2011 and now will join Sohar Flour Mills effective March 1. Sohar Flour Mills is a 60% subsidiary of Oman Flour Mills and is being established in Sohar with US$39 million investment using novel flour milling technology. The subsidiary started…

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A’Saffa Foods signs financing deal for poultry project expansion

OMAN – A’Saffa Foods SAOG, Oman’s largest fully integrated poultry and processed food producer, has signed a financing deal with Bank Muscat for RO 31.5 million (US$82 million) to finance the company’s expansion plans in the Sultanate. According to the company, the massive expansion project will double the production capacity of A’Saffa Foods from the current capacity of 20 million birds per annum to 40 million birds per annum. It will comprise the addition of 10 farms with 90 poultry houses, in addition to a hatchery, feed mill, processing plant,…

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