Skip to content Skip to Search
Skip navigation

Oman invests $4bn in food projects and agriculture

By Pramod Kumar
Foxtail millet could help Gulf food security Reuters
Oman has registered a significant rise in food production over the past five years

Oman is working on 137 food projects, with a total investment of OMR1.6 billion ($4.2 billion), according to a local media report.

The government has unveiled initiatives such as agricultural cities and integrated agricultural plans to address land issues, Oman Daily Observer said, quoting the minister of agriculture, fisheries and water resources Dr. Saud bin Hamoud Al Habsi.

Person, Electronics, Mobile Phone

Newsletter
Get the Best of AGBI delivered straight to your inbox every week

In total they are expected to yield 852,000 tonnes of agricultural and fisheries products.

The sultanate has registered a significant rise in food production from 3.9 million to 4.7 million tonnes between 2019 and 2024, he said.

Al Habsi said the government’s proactive approach to maintaining strategic stockpiles of essential commodities aims to counteract the impact of global economic crises.

Furthermore, the ministry is collaborating with other governmental entities to establish food security laboratories and facilitate public-private partnerships in the food industry, the report said.

Latest articles

Shares in Spinneys are expected to begin trading in Dubai on May 9

Dubai’s Spinneys plans Egypt expansion with 10 new stores

Dubai’s supermarket operator Spinneys will open 10 new stores in Egypt as part of its expansion drive.  Four new stores will be opened before June 2024, while six more will be opened in fiscal year 2024/2025, which starts in July, Daily News Egypt reported. The company currently has 27 stores in Egypt. “Our vision for […]

A view of Jebel Ali Port. Trade between the UAE and India rose from $72.9 billion to $84.5 billion between 2021 and 2023

UAE and India on track to hit $100bn non-oil trade

The UAE and India will surpass the $100 billion non-oil trade target by 2030, with increasing aviation links between the two countries seen as a potential catalyst. Bilateral trade increased by 15 percent since the comprehensive economic partnership agreement (Cepa) was implemented in May 2022, the Indian government-owned Press Trust of India reported, quoting Cepa council director […]

The oil-for-cash deal with Dubai's HBK DOP represents twice South Sudan’s GDP, with 70% to be spent on infrastructure

Dubai company in $13bn oil-for-cash deal with South Sudan

Dubai-based Hamad Bin Khalifa Department of Projects (HBK DOP) has signed a €12 billion ($12.9 billion) oil-for-cash deal with South Sudan, according to a media report. The loan agreement was finalised between HBK DOP and South Sudan’s former finance minister Bak Barnaba Chol between December and February, Bloomberg reported, citing an unpublished report by a United […]

Al Maktoum International Airport will be able to handle 260m passengers annually

First phase of Dubai’s $35bn airport to be ready in 10 years

Dubai has launched the world’s largest passenger terminal at Al Maktoum International at a cost of AED128 billion ($34.85 billion), capable of handling 260 million passengers annually upon completion. The initial phase of the project, slated to be completed within a decade, will be able to accommodate 150 million passengers annually, the UAE state-run Wam […]