Obour Land (OLFI) announced yesterday it will be resuming the construction of Obour Farms after obtaining all licenses & permits for the project last December.
More Details🧐 Obour Farms is a 42-acre project with plans to raise 2,500 cows. OLFI said it plans on signing the first agreement for the import of the cows later this year.
Why is this Important🤔 The Obour Farms project is set to cost OLFI EGP 225 million, which will be financed by a $7 million loan it got from the European Bank for Reconstruction & Development (EBRD) back in 2018.
OLFI closed yesterday’s trading session up 1.46%.