Agriculture Oman invests $4bn in food projects and agriculture By Pramod Kumar March 29, 2024, 6:29 AM 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. NewsletterGet 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. Oman launches $5bn fund for major projects Oman’s growing space sector attracts $52m in investments The stars are aligned for Oman’s economic resurgence 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.
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