Oman signs $31 million farm investment contracts

Oman’s Ministry of Agriculture, Fisheries and Water Resources has signed four agricultural investment agreements worth over 12 million Omani riyals ($31m), a media report said. Dr Saud Hamoud Al Habsi, Minister of Agriculture, Fisheries and Water Resources, signed the agreements with investors at the ministry, reported Oman News Agency (ONA).

He noted that these agreements will enhance the food investment sector in the Sultanate, as it has already witnessed great growth over the past years. He added that this growth is the result of the continuous co-operation between the public and private sectors to utilize investment opportunities in the agricultural and fisheries sectors.

The first agreement is to establish an integrated farm to produce vegetables and plants using modern agricultural technologies such as greenhouses. This project will be established in the Wilayat of A’Suwaiq, at a cost of 600,000 riyals on an area of 50 feddan. The estimated production is 1,500 tonnes of vegetables and medicinal plants annually. The project will also include establishing modern industries for producing medicines.

The second agreement is the thyme planting project, which will be built on an area of 10 feddan in the Wilayat of Al Kamil wa Al Wafi. The project is to establish an integrated farm to produce the local Omani thyme using modern agricultural systems and smart technologies at a cost of 344,000 riyals.

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