Oman Food Investment Holding Company (OFIC) is planning to invest $620m to set up dairy, poultry and red meat factories in the country to boost food security.
Of the total proposed investment, around 70% is derived from state-owned entities, including OFIC, Oman Daily Observer reported.
OFIC's Mazoon Dairy Company is in the process of setting up a $258m fully integrated dairy farm and centralised processing plant, in the Wilayat of Al Sinaina of Al Buraimi Governorate.
The dairy project will produce fresh milk, fresh juice, mineral water, laban and yogurt under the National Pride brand. It is expected to create 400 jobs.
With an investment of around $258m, the proposed poultry factory An Naama in Ibri will be capable of producing 60,000 metric tons of meat annually.
Currently, only 30% of the country's demand for poultry products is being met by the poultry farms in the country. The country is dependent on poultry imports for the remaining 70%.
The remainder $103.5m will be invested in a red meat project, which will involve imports of sheep and cows from Tanzania and Sudan, with the government to set up slaughtering houses in Salalah.
