GMPC to invest RO 7.8m in new capacity

18/03/2014 09:02 AST

Gulf Mushroom Products Company (GMPC) has firmed up plans to invest around RO 7.8 million in the development and expansion of its facilities.

In a filing to the Capital Market Authority, the company said it had finalised plans for the establishment of a new compost project in Thamrait at a cost of RO 6 million. A further RO 1.8 million is being invested in the development of 13 new growing rooms in Barka, subject to approval from the authorities concerned. The new investments will increase the company's mushroom production capacity by more than 100 per cent, it added.


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