The plant will increase daily wheat milling capacity from 200 tonnes to 300 tonnes and achieve a notable 90% capacity utilization.
The facility is set to significantly improve disease resistance, accelerate wheat breeding, and enhance yields, as the country seeks to reduce its 80% dependency on wheat imports.
The facility is equipped with two corn silos holding a combined 12,000 metric tons of corn and space for 480,000 sacks of feed.
The mill features six advanced production lines, all sourced from the renowned Swiss manufacturer Bühler.
The ICP issuance was met with robust market interest and was oversubscribed by 1.4 times, a clear indication of investor confidence.