Al Bashair Co. to invest USD 95.8mn in Oman's red meat project

(MENAFN) Al Bashair Meat Firm, which plans to offer fresh and red meat to cover the lack in regional production, will invest 95.86mn during the first stages of the project.

Moreover, the new firm which intends to attain high sufficiency by utilizing state-of-the-art tech and business operations, while the lack of red meat stands at 80 Pct.

There were methods discussed to join the company, a study on the cost of incorporation and getting approval, the election of new company board members.

In addition, the firm will continue the enterprises in food security, especially in the projects that will improve the Sultanate's position as a hub for food products.