Al Ajban, a subsidiary of Ghitha Holding, has said it plans to nearly triple its production of hatching eggs from 11 million in 2021 to 30 million after the completion of a new facility by the end of 2023.
This represents a market share of more than 50 percent of UAE-produced hatching eggs, the firm said and added that 19 million of the eggs produced will be available for sale.
The firm said after raising its production, it will meet more than 28 percent of the UAE’s requirement of 105 million eggs annually.
Al Ajban anticipates 13 percent return on investment, in consideration of expansion plans that include a new chicken rearing farm and two new production farms. Consequently, this will increase its annual breeder production by 60 percent.
Dr. Mohammed Ezzat, Al Ajban General Manager, said that the projected global consumption of poultry meat is over 151 metric kilotons by 2030.
“Evidenced by this statistic, increasing sustainable production has become critically important, even more so regionally with the UAE implementing measures to be a fully food-secure nation. Due to restrictions on imports, we are seeing extremely high levels of demand for hatching eggs from customers in the UAE and across the GCC,” he said.
Ghitha Holding (formerly Zee Stores) operates as a leading UAE-based food and distribution subsidiary under the International Holding Company (IHC).