Financial and economic evaluation of the Qandoula project for the production of fertilized EggsAl Jabal Al Akhdar in Libya

Abstract

This study is based on evaluating the poultry project in the (Qandula) area in the Green Mountain and its production to meet the daily and actual consumption of poultry meat. The project involves hatching poultry and distributing them to fattening farms. This research aims to determine the amount of losses and profits for this project. The main financial and economic evaluation criteria for the poultry and chick production and raising project in Qandula were presented for the study period (2007-2017) through secondary data obtained from the authorities responsible for this project. It was found that the costs of importing parent stock and fertilized eggs represent the largest cost component for the poultry project during the study period. It was also noted that the project's revenues showed an increasing trend reaching around 17,662,414 thousand dinars of the total costs. Through the evaluation criteria, it was found that, when calculating the payback period, the Qandula project recovers its investment costs after approximately 9 years, and the net present value reached 3,259,335.60 dinars. This indicates that the Qandula project is considered a profitable and acceptable investment Based on the net present value as the benefit-to-cost ratio is estimated at about 1.20dinar This means that at a 5% discount rate, the project is profitable, Each dinar invested yields a return of 0.20 dinars. Therefore, the study recommended fully utilizing the station's available production capacities and that the government provide the necessary support and sufficient financial facilities to advance these investment projects, thereby contributing to boosting local production and reducing reliance on imports.