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Oman’s Food Security Lab concludes with 41 projects worth over RO 45 million

The Food Security Lab 2024, organised by the Ministry of Agriculture, Fisheries, and Water Resources, concluded today with 41 investment projects in various sectors, valued at over RO 45 million.

Oman News Agency

info@thearabianstories.com

Thursday, October 17, 2024

Muscat – The lab also identified 66 additional investment opportunities, introduced 24 enabling initiatives aimed at enhancing food security logistics and launched the ‘Tharawat’ and ‘Zad’ platforms.
The closing ceremony was presided over by H.E. Eng. Saeed bin Hamoud Al Maawali, Minister of Transport, Communications, and Information Technology. He was joined by various ministers, undersecretaries, members of the State Council, and representatives from the agriculture, fisheries, water resources, and logistics sectors.

During the event, the Ministry of Housing and Urban Planning announced the signing of 177 agreements in the food security sector, with a total investment exceeding RO 32.3 million across more than 13,700 acres. Additionally, 14 investment contracts were signed in the fisheries sector, valued at over RO 36.8 million.

A memorandum of understanding was also established between Oman Flour Mills Company and Al Najd Agricultural Development Company, aimed at enhancing sustainable agricultural production, particularly for millet and other high-nutritional grains, thereby bolstering national food security.



Moreover, a usufruct agreement was signed between Oman Flour Mills Company and Omran Group, focusing on integrating advanced storage technologies to improve operational efficiency within the food sector.

The ceremony also marked the launch of the Advanced Boats Initiative, designed to enhance artisanal fishing by introducing new technologies and advanced fishing boats measuring between 10 to 14 meters. This initiative aims to empower Omani fishermen to operate effectively within territorial waters extending up to 200 nautical miles.

Over the two weeks of the Food Security Lab 2024, numerous activities and discussion sessions were held to attract investments to the food security sector, emphasizing local added value and digital transformation.

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