Salalah Mills Co. announced the new project for a food industries center in Khazaen Economic City, on an area of twenty thousand square meters. The project will include an industrial bakery and production lines for frozen and semi-cooked pastries in the first phase. Production lines for frozen cakes, snacks, noodles and biscuits will be added during the second phase. The initial cost of the project is estimated at OMR 10-12 Million. Salalah Mills Co. will sign with Khazaen Economic City in the coming weeks for the allotment of land. It is expected that production will start at the end of next year 2022 God willing. The project will be finance by commercial loans. As per the study, the project is expected to make profit from the second year of operation. The projected IRR is 18%. Salalah Mills Company owns the following factories: Salalah Flour Factory, with a production capacity of 1,500 tons per day. Salalah Macaroni Factory, with a capacity of 432 tons per day', The Salalah International for Plastic Industries Factory, with a production capacity of 250,000 bags per day. lt will rise to 350,000 bags per day after adding the second new expansion by the end of next year 2022 God willing. Salalah Factory for concentrated animal feed. The trial production will start at the end of June 2021, with a production capacity of 240 tons per day. And in the context of diversifying sources of revenues, Salalah Laboratories Company SPC was also established to provide physical and chemical analysis services for grains and foodstuffs products, and it will start functioning this year 2021" God willing. ln addition, the company has plans to expand during the years 2022-2025 in the fields of grains trading and storing, manufacturing of flour blends, improvers, vitamins and minerals for bakeries, flour mills, fodder factories, producing starch, fish and pet feed, manufacturing of flexible packaging films, FFS bags, and producing grass capsules. The company's management is also studying entering into partnerships for the production of plastic medical supplies.