Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Moroccan, German JV to start selling Camel milk to EU in 2013  Join our daily free Newsletter

MENAFN - 02/04/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Three entrepreneurs inked a JV deal to establish a Camel milk joint venture in Morocco to produce and export Camel milk to EU under the name Vitamol Camel Diary and Products, Arabian Business reported.

Germans Malik Dakdaki and Martin Wilke and Moroccan Abdelkader Saoudi, the three partners who set up the JV, plan to invest USD40 million in the project.

The milk, which will be sold under the brand name Vitamol, will be produced in a farm consisting of around 2,200 camels and pulverised and prepared for daily delivery to Europe at a plant set to be built on land in the Tangier Free Zone.

Malik Dakdaki said the first shipment of camel milk is scheduled to reach European shelves in mid 2013.

He explained that one of the products will be the world's first camel milk baby powder, as more and more babies have a problem with lactose intolerance.

In its business plan, Vitamol expected EU to account for 50 percent of its sales, 30 percent in the UAE and 20 percent around the rest of the world. The company is projecting sales of around USD25 million a year.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help