Sun, 16 June 2013
SALALAH — Salalah Free Zone (SFZ) and C K Group from Ivory Coast signed a memorandum of understanding for the construction of an international complex for cocoa-related products and chocolate derivative at Salalah Free Zone. The plant is expected to be operational next year.
The MoU was signed by Hilal bin Hamad al Hasni, Chairman of SFZ board of directors and C K Charles, CEO of C K Group representing the company.
The chairman of SFZ said the cocoa processing plant is an excellent addition to the existing projects at the free zone and will boost the Sultanate’s position in the food industry sector as well as boost the opportunities for establishing small- and mid-sized enterprises.
The $150 million-project will occupy a 200,000-metre plot of land.
Phase 1 involves construction of a cocoa processing facility and a production line for semi-processed cocoa. The plant is expected to be operational at the third half of 2014 and will have a production capacity of 50,000 tonnes in package 1 and 100,000 tonnes in the other packages, said the CEO of C K Group.The MoU was signed by Hilal bin Hamad al Hasni, Chairman of SFZ board of directors and C K Charles, CEO of C K Group representing the company.
The chairman of SFZ said the cocoa processing plant is an excellent addition to the existing projects at the free zone and will boost the Sultanate’s position in the food industry sector as well as boost the opportunities for establishing small- and mid-sized enterprises.
The $150 million-project will occupy a 200,000-metre plot of land.
Salalah Free Zone’s excellent location at the mid-point of major shipping routes make it an ideal location for global multinationals as well as any industrious organisation to set up manufacturing facilities to produce cost-competitive products for global markets. — ONA
No comments :
Post a Comment