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.
The measure aims to shield consumers from the impact of rising global wheat and barley prices on bread production costs.
The deadline for submission of price offers in the tender is September 3.
With an estimated investment of US$600 million, the plant is anticipated to begin operations by 2028