Skip to content Skip to Search
Skip navigation

Oman invests $4bn in food projects and agriculture

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.



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

Aramco and Rongsheng have signed an agreement to potentially expand the facilities at Saudi Aramco Jubail Refinery Company (Sasref)

Aramco and Rongsheng move on chem plant expansion

Saudi Aramco is accelerating plans to expand the liquids-to-chemicals project in Jubail in collaboration with China’s Rongsheng Petrochemical Company. The companies have signed a development framework agreement to potentially expand Saudi Aramco Jubail Refinery Company (Sasref) facilities and increase investments in the petrochemical sectors of both nations. This follows a cooperation framework signed in April, where Rongsheng proposed […]

The Aramco-Bapco pipeline can transport up to 350,00 barrels per day of crude oil

BlackRock buys stake in Saudi-Bahraini oil pipeline

Bahrain’s state-run Bapco Energies has sold a minority stake in an oil pipeline linking Saudi Arabia and Bahrain to a fund managed by US investment bank BlackRock. The BlackRock Diversified Infrastructure fund purchased a stake in the Saudi Bahrain Pipeline Co (SBPC), which owns a section of the 112-km pipeline. It supplies crude oil from […]

Etihad Airways reported a 48% year-on-year rise in net profit to $232m in the first half of 2024

Etihad Airways potential IPO unlikely this year

The possible initial public offering (IPO) of Etihad Airways is unlikely to happen this year, a media report has said. Regional geopolitical instability and a plan to show investors a strong financial performance in 2024 are key factors delaying the IPO launch, Reuters reported, citing informed sources. An Etihad spokesperson said it does not comment […]