Wednesday, Mar 21, 2012
BEIRUT (Zawya Dow Jones)--Bahrain's Delmon Poultry Co., or Depco, along with strategic partners, plans a 65 million Omani rials ($168.8 million) hatchery in Oman, Manama-based Al Wasat daily reports Wednesday citing an executive.
Oman has allocated a plot of land for the project which will be 40% financed by Delmon and its partners while the remainder will be funded through bank loans, the paper says quoting Yousuf Al Saleh, chairman of Depco which is listed on the Bahrain bourse.
The joint venture's annual production capacity will be 150 million eggs and Depco's share in it will be 20 million eggs, Saleh said according to the daily.
Newspaper website: http://www.alwasatnews.com/3483/news/read/644711/1.html
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
21-03-12 0602GMT
