Al Na­maa Poul­try al­lot­ted more than 30sq km of land by Min­istry of Hous­ing

Muscat Daily - - NATION -

One of the largest poul­try projects un­der de­vel­op­ment, the Al Na­maa Poul­try Com­pany has been awarded two plots with an area of more than 30sq km by the Min­istry of Hous­ing in Dhahi­rah.

A usufruct agree­ment was signed by the com­pany and the min­istry last week paving the way for the de­vel­op­ment of a project with a poul­try meat pro­duc­tion ca­pac­ity of 60,000 met­ric tonnes per an­num, near Ibri, in the Al Sawma­han wa­ter catch­ment area.

Al Na­maa Poul­try is con­sid­ered to be one of the im­por­tant projects steered un­der the food se­cu­rity vi­sion of the sul­tanate and is man­aged by the Oman Food In­vest­ment Hold­ing Com­pany (the gov­ern­ment's in­vest­ment arm in food se­cu­rity projects).

The agree­ment was signed by Eng Yaqoob bin Man­soor al Ruqaishi, gen­eral man­ager, Al Na­maa and Eng Ab­dul­lah bin Talib al Hi­nai, di­rec­tor gen­eral in the Direc­torate Gen­eral of Hous­ing in Dhahi­rah.

Saleh bin Mo­hamed al Shan­fari, chair­man of Al Na­maa Com­pany, said the agree­ment is a step to­wards suc­cess­fully im­ple­ment­ing the project.

The com­pany had ear­lier been al­lot­ted two plots spread over more than 30sq km area by the Direc­torate Gen­eral of Hous­ing in Dhahi­rah gover­norate, tak­ing the to­tal land to more than 60 sq km.

The project will com­prise 240 poul­try houses in ad­di­tion to a hatch­ery, feed mill, pro­cess­ing plant, wa­ter treat­ment plant, other util­i­ties and ad­min­is­tra­tion block. The project, com­bined with ex­ist­ing pro­duc­ers, will drive self-suf­fi­ciency of Oman in the poul­try sec­tor from the cur­rent 36 per cent to 70 per cent by 2030.

Last month, Al Na­maa signed an agree­ment with Meethaq Is­lamic bank­ing for a long-term fi­nanc­ing of RO50mn.

Dur­ing the sign­ing Shan­fari had said, “Suc­cess­ful clo­sure of this busi­ness deal clearly in­di­cates avail­abil­ity of Sharia’acom­pli­ant fi­nanc­ing fa­cil­i­ties in Oman re­duc­ing the need to de­pend on ex­ter­nal fi­nanc­ing for ma­jor projects, which will con­trib­ute sig­nif­i­cantly to the growth of the com­pany and im­ple­men­ta­tion of its busi­ness plans.”

He fur­ther said that in 2016, sig­nif­i­cant de­vel­op­ments took place and the Omani gov­ern­ment has taken a strong ini­tia­tive on food se­cu­rity of the coun­try un­der the Tan­feedh ini­tia­tives (Na­tional Pro­gramme for En­hanc­ing Eco­nomic Di­ver­si­fi­ca­tion).

Al Na­maa Poul­try along with other in­vestors, in­clud­ing A’Saffa Foods, So­har Poul­try, Del­mon Poul­try as well as mul­ti­lat­eral or­gan­i­sa­tions Gulf In­vest­ment Cor­po­ra­tion (GIC) and the Arab Au­thor­ity for Agri­cul­tural In­vest­ment and De­vel­op­ment is also pro­mot­ing and devel­op­ing the RO61.5mn Osool Poul­try project in Al Ghaf­tain in Al Wusta.

(Sup­plied photo)

The project will have a poul­try meat pro­duc­tion ca­pac­ity of 60,000 met­ric tonnes per an­num

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