Arab Company for Livestock Development has claimed $13 million in
compensation from the UN for losses it suffered in an Iraqi
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.
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.
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.
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.
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.
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.
submitted by 20 companies were opened in the presence of bidders and
the name of the winning firm —Tiger Est. — was announced.
announcement will be followed in the coming weeks by the award of a
contract for equipment supplies for hatcheries and the slaughter
Al-Thenayan said ACOLID had an annual growth rate of five
percent despite the instability in the livestock market.
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.