The government of Oman is planning to set up a major poultry project with a capital investment of OMR100m ($258.91m), seeking support from the private sector.
Promoted by state-owned Oman Food Investment, this new development is part of the country's initiative to attain self-sufficiency in poultry meat, reports Times of Oman.
As part of this, Oman Food Investment has invited country's largest integrated poultry project, A'Saffa Foods, to purchase 20% stake in the proposed project.
The report said that the company has agreed to take a stake in the proposed OMR50m ($129.45m) joint venture firm to manufacture poultry meat.
A'Saffa Foods board has also approved another proposal to set up a facility to manufacture organic waste and fertiliser production that is obtained from residue of poultry farms.
Meanwhile, the government has short-listed two to three locations for the project and a final location will be confirmed soon, Times of Oman said.
Recently, the government of Qatar has proposed a massive poultry project to develop huge hatcheries with an aim of producing 40,000 tonnes of chicken meat and 7,500 tonnes of eggs annually.
