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Qatar will spend 1.6 billion riyals ($431 million) to build a food-processing and storage facility near Hamad Port in about two years that will more than meet local demand for sugar, rice and cooking oil.Qatar invited companies to bid on the project last year, before the Saudi-led trade boycott against Qatar that began in June.The project will have weekly capacity to produce 300,000 kilograms of raw sugar, 600,000 kilograms of rice and 200,000 kilograms of cooking oils, enough to meet domestic demand for two years, said Maisar Jamil al-Qutami, project executive director at New Port Project, the government body developing the facility near Hamad Port, about 30 kilometers south of Doha.
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