GulfBase Live Support
Oman-based Mazoon Dairy Company has awarded a RO28 million ($72.4 million) construction contract to Al Adrak Trading and Contracting for its upcoming dairy project in Buraimi region, said a report.
The dairy, being built at a cost of RO100 million ($258 million), is set to become the biggest such project in the sultanate, reported the Times of Oman.
Work will start next month and the project is due for completion in the third quarter of 2018, it stated.
The scope of work includes construction of main dairy farm, feeding centre, milking parlous, staff accommodation, office buildings, utilities and connecting roads.
Starting from an initial herd of 4,000 Holstein-Friesian cows, the farm will have 25,000 cattle by 2026, said the report.
The company anticipates that the first of the initial phase of 4,000 cows will start arriving at the farm in early 2018, while the project will start production by the third quarter of 2018, it added.
Backed by the Oman Food Investment Company alongside government pension and investment funds, Mazoon Dairy will provide home-produced dairy and juice products.
Mazoon Dairy’s product range will cover a diverse mix of dairy and juice products, including milk, yoghurt, laban, cheese, ice cream and juices, said the report.
The project is being funded through a RO50-million equity and a RO50-million loan provided by Oman Arab Bank, it added.
Despite a steady growth forecast across the packaging industry, the upcoming Gulf Print & Pack 2018 summit – the most important must-attend commercial and package printing event in the Middle East an
A fashion industry is taking shape in the MENA region that could create jobs for up to 20 million women, the Arab Fashion Council has said. The organization, which aims to unite 22 Arab countries und
The UAE’s 30 listed insurers that generate about half of the country's written premiums, face a challenging 2018 due to the introduction of VAT and lower oil prices after having a profitable 2017, ac
The UAE is on the cusp of breaking into the Top 20 countries when it comes to “ease of doing business”, in the latest rankings issued by the real estate consultancy Knight Frank. It managed to move u
For some developers in Dubai, finishing a project is as good a time as any to start selling it. This could even turn into a competitive advantage for developers with Dubai recording a steady pick up