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Pact on $20m curcumin plant
March 13, 2018 | 10:42 PM
by ONA
An agreement to set up the biggest plant in the world for the production of curcumin for food and medical supplements at Salalah Free Zone at a cost of $20 million was signed on Tuesday in Mumbai, India. - ONA
 
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Mumbai: An agreement to set up the biggest plant in the world for the production of curcumin for food and medical supplements at Salalah Free Zone at a cost of $20 million was signed on Tuesday in Mumbai, India.

Fortune Bio Organic factory at Salalah Free Zone will produce more than 12 tons of curcumin and its derivatives per annum.

The plant will create more than 100 direct job opportunities, 50 of which in research and development (R&D) field for curcumin and its derivatives. The plant targets exporting to GCC States, US and Europe.

The agreement was signed by Ali bin Mohammed Tabuk, Deputy CEO of Salalah Free Zone and Chairman of Trident Agrocom Exports Private Limited Corporate.



‘The agreement comes within the efforts made by Salalah Free Zone to attract foreign investments and contribute to the growth of national economy by creating job and business opportunities, said Ali bin Mohammed Tabuk, Deputy CEO of Salalah Free Zone.

He also commended the efforts made by the team in Salalah Free Zone which paid well and resulted in attracting foreign investments.

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