Oman's Al Naqbi Group to develop $10m food plant in Salalah

Oman's Al Naqbi Group to develop $10m food plant in Salalah
The food processing unit will create 200 jobs. [representational image]
Published: 16 September 2019 - 2:25 a.m.

Salalah Free Zone Company (SFZCO) has signed an agreement with Al Naqbi Group Holding to develop a food processing unit within Salalah Free Zone (SFZCO), worth $10m (OMR3.8m), with 80% of the products manufactured within the facility to be exported to international markets.

SFZCO revealed in a tweet on its official Twitter account that the agreement was signed by its chief executive officer, Ali Tabouk, and chairman of Al Naqbi Group Holding, Al Hadi Al Naqbi.

The facility will be located on an area spanning 2ha and create 200 employment opportunities in Oman.

According to SFZCO, construction work on the food processing facility will begin before the end of 2019.

In July 2019, SFZCO secured foreign direct investments (FDI) worth $80m (OMR30.8m) to establish three plants within its free zone, including manufacturing facilities for solar panels and gypsum products.

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