Thursday, October 28
05:43 PM

RO3mn pacts signed to support food security


Muscat – To achieve self-sufficiency in food production in the sultanate, the Ministry of Housing and Urban Planning signed five usufruct contracts worth more than RO3mn on Wednesday with private sector companies.

The agreements were signed by H E Dr Khalfan bin Saeed al Shu’aili, Minister of Housing and Urban Planning, and executive directors of the companies, in the presence of H E Dr Saud bin Hamoud al Habsi, Minister of Agriculture, Fisheries and Water Resources (MAFWR).

The five agreements aim to stimulate the economy, support Omani exports, attract foreign investment, and develop food security, a statement said.

The contracts are a result of the Food Security Laboratory, organised recently by MAFWR, supported by the Oman Vision 2040 Implementation Follow-up Unit, and come within the framework of a programme to attract private investments to support Omani exports.

On the occasion, H E Dr Habsi said, “The agreements aim to enhance food security in the sultanate and provide job opportunities. We call on investors of these companies to abide by the implementation plans submitted, including the volume of investment, crop specifications and job opportunities to be created that were agreed upon during the Food Security Laboratory.”

The agreements include a usufruct contract for poultry farming in the wilayat of Khasab, Musandam governorate, on an area of 9.5 acres with an investment of RO600,000.

A contract for raising livestock in the wilayat of Dhank, Dhahirah governorate, on an area of 95 acres is worth RO1.5mn, and a mango trees plantation project in the wilayat of Barka, South Batinah, on an area of 200 acres is worth RO1.25mn.

The agreements include a usufruct contract for wheat production in the wilayat of Thumrait, Dhofar governorate, on an area of ten acres worth RO26,000, and a contract for fig trees plantation project in the wilayat of Al Kamel W’Al Wafi, South Sharqiyah governorate, on an area of 101 acres with an investment of RO282,000.

The Food Security Laboratory was held from September 5 to 30 during which MAFWR announced 128 projects worth RO1.3bn. The projects will be implemented in the next five years.

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