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Tribune News network
Doha
Hassad, Qatar’s premier investor in the food sector, is investing 20 percent in downstream seafood sector, Global Seafood Company in Oman, the company announced on Monday.
With this new investment, the company’s total investments in Oman will reach approximately QR500 million, Hassad said in a statement.
The agreement was signed by Hassad CEO Mohamed al Sadah and Saleh al Shanfari, CEO of Oman Food Investment Holding in Muscat on Monday.
Hassad said this new strategic project is scheduled to enter into the operations phase within the next two years, targeting domestic and international markets.
“The project is a strong addition to Hassad’s three exciting projects, in the agricultural and logistical sectors in Oman,” the statement said.
Sadah said, “It is our pleasure to invest in this strategic fishery project, as it aims to support the food security efforts in both countries.
“Investing in this project is a positive step forward towards achieving our vision to be a successful strategic investor in the global food and agricultural value chains.
“We aim to expand our international investments portfolio, by partnering with internationally reputable companies with successful track record.”
Additionally, Hassad, which owns 33 percent of A’Saffa foods in Oman, announced the company’s ongoing expansion plans.
Hassad said in 2019, A’Saffa’s yearly production will be doubled to reach 44 million birds per year.
Following this expansion, A’Saffa will be one of the largest poultry producers in the region, Hassad said.
Doha
Hassad, Qatar’s premier investor in the food sector, is investing 20 percent in downstream seafood sector, Global Seafood Company in Oman, the company announced on Monday.
With this new investment, the company’s total investments in Oman will reach approximately QR500 million, Hassad said in a statement.
The agreement was signed by Hassad CEO Mohamed al Sadah and Saleh al Shanfari, CEO of Oman Food Investment Holding in Muscat on Monday.
Hassad said this new strategic project is scheduled to enter into the operations phase within the next two years, targeting domestic and international markets.
“The project is a strong addition to Hassad’s three exciting projects, in the agricultural and logistical sectors in Oman,” the statement said.
Sadah said, “It is our pleasure to invest in this strategic fishery project, as it aims to support the food security efforts in both countries.
“Investing in this project is a positive step forward towards achieving our vision to be a successful strategic investor in the global food and agricultural value chains.
“We aim to expand our international investments portfolio, by partnering with internationally reputable companies with successful track record.”
Additionally, Hassad, which owns 33 percent of A’Saffa foods in Oman, announced the company’s ongoing expansion plans.
Hassad said in 2019, A’Saffa’s yearly production will be doubled to reach 44 million birds per year.
Following this expansion, A’Saffa will be one of the largest poultry producers in the region, Hassad said.
