Jobs
Properties
Search
Categories
Companies
People
Sectors
Topics
Newsletter
View latest issue
Subscribe
Update my subscription
Unsubscribe
Submit News
Search
Categories
Business
Research
Calculation
Tools
Newsletter
SUBMIT NEWS
CHAMPION OF THE DAY
LEADERS NEWS
Tanmia to open
poultry farm in Ethiopia
Plans to export to Arab Gulf countries
Share
Tanmia, an agricultural development company, will start excavation and construction works on a poultry farm, a slaughterhouse and a fodder factory in Ethiopia, in early 2016.
Investment in the project is $39 million. It will be implemented within three years and operations will start in late 2018.
Musa Freiji, Chairman, said: “Ethiopia is a large market and there is still a shortage in poultry suppliers there. We will be one of the first international poultry investors tapping this market.”
The project will have a total space of 4,000,000 square meters. Each of the facilities will be around one kilometer away from the other. The land will be leased for 49 years with a renewing option, if the company is still operating.
Production capacity will reach 15 million heads of chicken per year. “These amounts will be dedicated for the Ethiopian market in the first stage,” said Freiji.
Tanmia, in collaboration with the Ethiopian Government, will encourage farmers to plant corn and soybeans that enter in the fodder industry. “When we will be able to purchase these raw materials from the local market, we will be more competitive and thus able to export part of our production to the Gulf countries to offer an alternative to Brazilian products in the GCC,” Freiji said.
Reported by Rania Ghanem
Your browser does not support iframes.
Date Posted:
Oct 16, 2015
Share
Your browser does not support inline frames