RO 1.3 billion for food security, food sufficiency

Muscat: RO 1.3 billion will be invested over 5 years in 128 initiatives to boost food security and food sufficiency in the Sultanate. The investments are in line with Oman VIsion 2040 to enhance agricultural and marine production and achieve self reliance in food production. These include 37 projects in plant sector, 29 in the livestock sector, 28 in the fisheries sector, 8 in the water resources sector along with 26 other enabling initiatives)

For the first time in the Sultanate there will be models for ‘Agritourism’ and ‘contractual farming’ and these models will open up avenues for marketing agricultural products of farmers and provide hospitality and entertainment services for tourists.

The Ministry of Agriculture, Fisheries and Water Resources signed a number of agreements and contracts with a group of companies on the sidelines of Food Security Lab workshops, which concluded on Thursday. The agreements including setting up coconut palm cultivation project in the Dhofar Governorate, banana cultivation project in the Wilayat of Al Musanaa (South Al Batinah), a contract for pomegranate and olive farms leasing, an agreement for the development of Wadi Dhayqah Dam, a usufruct agreement for the development of a land plot dedicated to commercial aquaculture, an agreement for the setting up and operation of a container and truck inspection unit to monitor fisheries export and import activities, among other pacts.

The event held at Oman Convention and Exhibition Centrein cooperation with the Oman Vision 2040 Implementation Follow-up Unit saw the participation of a wide spectrum of investors and representatives of government and private establishments, academics and experts in the sector.

Dr Saud Hamoud al Habsi, Minister of Agriculture, Fisheries and Water Resources, said that the lab produced a number of initiatives and agreements that will bolster investment and provide a suitable environment in the field of food security.

He added that the ministry will sign more agreements including the volume of investment and employment opportunities. The minister added that the investments made by the government and the private sector in the field of food security over the past period resulted in good results, with 150 per cent production rise in the fisheries sector where more than 50 firms operate and export their products to different countries of the world.

He said the Sultanate achieved almost 100 per cent self-sufficiency in dates output, while sufficiency in other products ranged between 50 per cent and 60 per cent. “The Food Security Laboratory carved out an investment framework for all food security sectors. This investment framework constitutes a point of reference (directory) for investment in plant, animal, fishery and water resources. The directory will index certain domains for each type of investment in these sectors, based on a set of approved data and internationally approved criteria.”

The lab also shaped an integrated set of investment opportunities in the food security sectors, targeting the segments of jobseekers and entrepreneurs. These opportunities will be undertaken by certain parties that will make them available to jobseekers and entrepreneurs who apply for them in accordance with a specific mechanism to be unveiled later.

The parties include the Ministry of Agriculture, Fisheries and Water Resources, Oman Food Investment Holding Co., Fisheries Development Oman Co. and other partners and developers.