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Contract awarded for SR26m Qassim poultry project
Riyadh, 4th Apr 2001

   The Arab Company for Livestock Development has claimed $13 million in compensation from the UN for losses it suffered in an Iraqi sheep-breeding project.

This was announced at a press conference held here yesterday by Dr. Abdullah Al-Thenayan, director-general of ACOLID, while awarding a contract for an SR26.6 million project for the construction of infrastructure facilities for a poultry farm in Qassim. The project, at a total cost of SR100 million, will be run by the Arab  Takamul Co. for Poultry Production, an ACOLID subsidiary.

With this, ACOLID and its subsidiaries have four poultry and fodder production projects as well as a marketing arm in the Kingdom collectively worth SR1.5 billion.

ACOLID is a pan-Arab company mandated by the Arab League to promote food security in the Arab region. The company, owned by 12 Arab countries, is headquartered in Damascus, Syria. It has a regional office in the Kingdom and branch offices in Egypt, Jordan, Sudan, the UAE, Qatar, Yemen and Iraq.

Al-Thenayan said ACOLID’s subsidiary, the Arab Iraqi Co. for Livestock Development, lost $13 million from two of its sheep-breeding projects in Iraq — one in Baghdad and the other in northern Iraq — on account of the Gulf War and the unrest that spread in the northern part of the country in the wake of the war.

These projects were equally shared between ACOLID and Arab Iraqi Co. for Livestock Development. The Iraqi government had a 16 percent stake in ACOLID, with other participants from the Arab world providing the remaining share capital.

Referring to the award of the tender on behalf of the Arab Takamul Co. for Poultry Production in Qassim, Al-Thenayan said it would have an annual production capacity of 7.5 million birds. It will be an integrated project comprising hatcheries, feed mill, a slaughter house and other ancillary facilities. The project is to be implemented in 375 days.

Tenders submitted by 20 companies were opened in the presence of bidders and the name of the winning firm —Tiger Est. — was announced.

Yesterday’s announcement will be followed in the coming weeks by the award of a contract for equipment supplies for hatcheries and the slaughter house.  Al-Thenayan said ACOLID had an annual growth rate of five percent despite the instability in the livestock market.

He said ACOLID was diversifying its production base, which already spreads over 30 different projects in chicken and cattle/sheep breeding as well as feed-stock projects. The feed-stock plant in Sudan has an annual capacity of 150,000 tons. Besides, the Asyiah poultry project in Qassim was also running two fast food outlets in the region. These would be expanded to other provinces in due course.

Source: ArabNews©

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04 April 2001 03:32:31 PM

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