Oman Flour Mills subsidiary announces Australia foray

MUSCAT, APRIL 24

Atyab Investments, the investment arm of Oman Flour Mills (OFM), has set up a new company in Australia, one of the world’s biggest grain and livestock farming nations.

OMAUS Pty Australia was recently established with the aim to “contract with growers in Australia”, Atyab Investments said in a press statement. The new company also aims to achieve better procurement terms for its grains through this venture. Growers too will benefit by dealing directly with the end-consumers, it further stated.

“Long term through this company, OFM plans to invest into the agriculture sector in Australia, There is tremendous potential within this sector, Australia is well known as a premium producer of grains and cattle, OFM hopes invest within Australia through OMAUS PTY,” the company added.