OMAN – Oman Flour Mills (OFM) Company, a publicly traded subsidiary of Oman Food Investment Holding Company (Nitaj), has announced a 25% increase in its export volumes, achieving 40,449 metric tonnes of flour products this year, up from 32,423 metric tonnes last year.
OFM’s 25% export growth is a testament to its unwavering commitment to meeting the increasing demand for its products in both local and international markets. This expansion is a strategic move to cater to the growing appetite for its flour products in the Gulf region and beyond.
According to OFM, the achievement underscores the company’s development of the infrastructure to support its business and enhancement of transportation and distribution capabilities to ensure that its products reach all governorates in the Sultanate of Oman and regional markets in a timely manner.
The company is also working on improving packaging processes in line with international standards, which contributes to improving the image of Omani products in global markets.
The Oman-based company manages a diversified portfolio of around 14 subsidiary and associate companies spanning grain imports, milling, industrial bakery operations, animal feed production, and dairy and poultry products.
The company contributes to increasing the competitiveness of the Omani food industry by providing high-quality products that meet the needs of the local and international market. It relies on an integrated production chain that includes various mills to produce a wide range of products.
Additionally, the company has created numerous direct and indirect job opportunities for Omani citizens. Recent reports from the Omani Ministry of Labor reveal that OFM’s expansion has led to over 500 new jobs this year alone, supporting local employment and skill development.
The increase in OFM’s exports aligns with a regional trend of rising food exports from the Arabian Gulf. According to the Food and Agriculture Organization (FAO), the Gulf region’s food exports have seen a 20% increase over the past year, highlighting a growing demand for high-quality food products.
Recently, the milling giant revealed its strategic vision to acquire several food-related entities and assets as part of an extensive expansion drive across the Gulf region.
Ahmed Ali al Bulushi, Chairman of OFM repo said the company is “actively pursuing growth opportunities” as part of its expansion strategy.
“We are currently engaged in finalizing our strategic roadmap to venture into new segments within the food industry,” he said.
Eyed by the Group is a company operating in the animal feed sector, with a technical consultant already engaged to assess the target’s manufacturing facilities.
The company also revealed that it plans to diversify into the sweets and confectionery business, with Atyab Investments—the investment arm of Oman Flour Mills—currently spearheading the acquisition process.
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