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CKG of Ivory Coast Planning $150 Million Cocoa Factory in Oman

CKG Holding, an Abidjan, Ivory Coast-based company, plans to open a cocoa factory in Oman in 2015 amid growing chocolate demand in the Middle East and India.

The $150 million factory in Salalah will have capacity to process 50,000 metric tons of cocoa beans a year with opening planned for the end of next year, Charles Kader Goore, chairman of CKG, said by phone from Madrid on May 20. It will be a joint venture of Oman and CKG under the name of Chocolatry of Oman.

“This project will enable us to supply the markets of Saudi Arabia, the United Arab Emirates and the entire region where there is a big potential,” Goore said.

The cocoa beans used will come from Ivory Coast and Ghana, the world’s largest growers, he said. CKG already operates SN Chocodi, the Abidjan-based processing plant bought from Barry Callebaut AG (BARN) in 2008.

CKG has operations in agriculture, guarding and logistics and a travel agency.

To contact the reporter on this story: Baudelaire Mieu in Abidjan at bmieu@bloomberg.net

To contact the editors responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net Claudia Carpenter, John Deane

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