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Mazoon to Set up $306m Dairy Project in Oman

27 December 2016

OMAN - Oman-based Mazoon Dairy Company (MDC), under the country’s national food security initiative, will set up an RO118-million ($306.4 million) dairy project at Al Sunaynah in Buraimi, said a report.

The agreement for the first phase of the project involving RO1.3 million ($3.37 million) was signed on 25 December by MDC chairman and CEO Rashid Bin Salim Al Masroori and Abu Hatem Group CEO, added the Oman Tribune report.

Al Masrori said that the company targets the sultanate achieving at least 87 per cent self-sufficiency in dairy products over 10 years.

He added that the agreement for the main stage which includes establishing large facilities, barns and factory, will be signed in the first quarter of 2017.

Source: TradeArabia

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