New joint venture to invest $150m in factory to process cocoa beans from West Africa
Ivory Coast-based CKG Holding plans to build a $150m cocoa plant in Salalah in southern Oman through a new joint venture called Chocolatry of Oman.
The factory is expected to be completed by the end of 2015, according to a Bloomberg report quoting CKG chairman Charles Goore.
The cocoa beans will be imported from the Ivory Coast and Ghana, which will then be processed into final products for the Middle East and India markets.
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