The collaboration between the Ministry of Commerce, Industry and Investment Promotion of Oman and the Ministry of Agriculture, Fisheries and Water Resources has led to the localization of 12 projects with a total investment of 97.413 million Omani Rials. Additionally, the development of 13 investment opportunities worth 122.849 million Omani Rials has also been presented to investors using the "Invest Oman" platform.
Strengthening Cooperation for Economic Development
This collaboration has moved from identifying potentials and needs of sectors towards developing and localizing projects and creating integrated investment opportunities based on resources and clear facilitators. This approach enhances the role of investment in supporting food security, developing local value chains, and increasing the share of productive sectors in the national economy. These actions align with the goals of Oman Vision 2040 for economic diversification and improving the efficiency of national resource investment.
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Achievements and Key Projects
Dr. Masoud bin Sulaiman Al Azri, Director General of Agricultural Marketing and Fisheries at the Ministry of Agriculture, Fisheries and Water Resources, stated that the collaboration with Invest Oman has been characterized by flexibility and ease of coordination, which has effectively helped transform the needs and resources of the sector into projects and investment opportunities.
He emphasized that this integration allows each party to leverage their expertise and responsibilities at various stages of project development. The results obtained demonstrate the effectiveness of this approach and the importance of continuing and expanding it in new areas and opportunities related to the agricultural, fisheries, and food sectors. He expressed hope that this collaboration continues to develop quality projects and attract investments that support the growth of these sectors.
Engineer Nasser bin Khalifa Al Kindi, CEO of Invest Oman, announced that the results obtained from collaboration with the Ministry of Agriculture, Fisheries and Water Resources highlight the importance of integrating specific sector expertise with investment expertise in the development of projects and opportunities related to the real needs and resources of the sectors.
He added that the localization of 12 projects and the creation of 13 investment opportunities are tangible results of this integration that contribute to the development of a more diverse investment portfolio aligned with the priorities of the national economy.
These projects include key projects such as the "Meat City" project in Salalah with an investment of 27 million Omani Rials and a food products manufacturing plant in Khazaen Economic City with an investment of 14 million Omani Rials. Other projects include a food and beverage manufacturing plant in Khazaen Economic City worth 7.7 million Omani Rials and a pet food factory in Salalah Free Zone worth 3.465 million Omani Rials.
Dr. Hamdan bin Salem Al Wahibi, Director General of Agricultural Development at the Ministry of Agriculture, Fisheries and Water Resources, stated that the localization of these projects reflects a willingness to invest in existing agricultural resources and develop related production activities that contribute to increasing local production and supporting the development of agricultural value chains.
He added that these projects also represent an important step towards transforming agricultural potentials into economic activities and investments that contribute to production diversification, increasing added value, and creating more opportunities for quality investment in the agricultural sector.
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