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Cabinet officials

Oman Signs Major Agricultural Investment Project to Boost Food Security and Sustainable Growth

Strategic Insights

— 1 min read

A significant agreement was signed on Wednesday for an agricultural investment project focused on cultivating moringa trees and manufacturing byproducts, aimed at enhancing food security, environmental sustainability, and export diversification in Oman. The project, which has an investment value exceeding RO5.3mn, was led by Trufud and involves an usufruct contract covering an area of 10.5mn sqm in the Hanfit area of Thumrait. The agreement was witnessed by high-ranking officials, including H H Sayyid Marwan bin Turki al Said, Governor of Dhofar, and ministers from the Ministry of Housing and Urban Planning and Ministry of Agriculture, Fisheries and Water Resources.

Key Takeaways:

  • The agreement for the agricultural investment project was signed between the Ministry of Housing and Urban Planning and the Ministry of Agriculture, Fisheries and Water Resources, covering an area of 10.5mn sqm in the Hanfit area of Thumrait.
  • The project, led by Trufud, has an investment value exceeding RO5.3mn and aims to enhance food security, environmental sustainability, and export diversification.
  • The project is expected to yield annual revenues of RO4mn to RO5mn through exports of moringa-based products to markets in North America, Europe, and Asia.
  • The project is expected to generate more than 500 direct job opportunities and additional roles in logistics, packaging, and supply services.
  • The moringa tree is known for its nutritional and medicinal properties, and the project includes facilities for production of oils and powders used in health products.
  • Planting 15mn moringa trees is expected to absorb more than 400,000 tonnes of carbon dioxide annually, contributing to environmental benefits.

Statistics:

  • RO5.3mn: The investment value of the project.
  • RO4-5mn: The annual revenue expected from exports.
  • 500: The number of direct job opportunities expected to be generated.
  • 400,000 tonnes: The amount of carbon dioxide expected to be absorbed annually by the 15mn moringa trees.

Sources:

  • "An agreement for a major agricultural investment project to grow moringa trees and manufacture byproducts supporting food security, environmental sustainability and export diversification was signed on Wednesday."
  • Ministry of Housing and Urban Planning and Ministry of Agriculture, Fisheries and Water Resources.

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