Move aims to reduce costs for bakeries and protect consumers amid rising fuel prices.
This marks the first ever joint technical forum for both industries and underscores collaboration, innovation, and integrated sector growth across the Middle East & Africa.
The country says current stocks and incoming shipments will keep supply stable in the coming months.
The project will double Shams Grain’s overall production capacity to 300 TPD.
The decision comes as part of the ministry’s plan to stabilise prices and ensure the availability of high-quality olive oil amid a sharp decline in local production this season.