Widam Plans $124 Million Poultry Project in Qatar to Diversify
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Qatar Meat & Livestock Co., the best-performing stock on the QE Index last year, will seek funding for a 450 million-riyal ($124 million) project to raise poultry as the company ventures into new foods.
The company, known as Widam Food, is awaiting a government license to build a plant that will produce 22 million chickens a year for sale on the domestic market, Managing Director Ahmad Nasser Sariya Al-Kaabi said in an interview from his office in the capital Doha. The license is delayed because the amount of land and water required needs more study, he said.