Obour Land plans to import 1,500 heifers from Germany for the dairy farm the company plans to establish under the brand name Obour Farm, the company’s head of IR Ahmed Abdel Moneim tells Al Borsa. 500 cows will initially be used when the farm kicks off operation in January 2018, he added. Obour Land announced they were starting a dairy farm to be able to source cheaper dairy for its cheese operations.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…