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Signing of Over 100 Benefit Agreements in Oman Worth 77 Million Omani Rials
Economy

Signing of Over 100 Benefit Agreements in Oman Worth 77 Million Omani Rials

منبع تصویر: timesofoman.com

By Khalij News Agency Editorial 2 min Read time 0

The signing of over 100 benefit agreements in Muscat was conducted to implement projects worth 77 million Omani Rials across various provinces of the country. These projects will cover a total area of 9,000 acres.

The Signing Ceremony and the Importance of the Projects

This ceremony was held under the patronage of Engineer Hamad Ali Al-Nazwani, Deputy Minister of Housing and Urban Planning. The signed agreements, aimed at increasing food production rates and enhancing economic sustainability in Oman, are considered outcomes of the 2026 Food Security Workshop. This initiative reflects national efforts to strengthen the country's food security system.

Agreements and Strategic Goals

The projects align with strategic goals to optimize the use of land allocated for agricultural and food activities and to expand the local production base of food commodities. This approach supports Oman 2040's goals of achieving food security, economic diversification, and attracting quality investments to the provinces of Oman.

Benefit agreements, particularly in the fields of agriculture and natural resources, will play a key role in achieving these goals. Given the global food security challenges, these actions will help Oman be recognized as an independent and self-sufficient country in food production.

These projects will not only contribute to increasing food production but will also lead to the development of agricultural infrastructure and the creation of job opportunities in local communities. With increased local production and reduced dependence on imports, Oman will be able to achieve a higher level of food security.

Source: timesofoman.com