MUSCAT – The ministry said total implemented investments reached approximately RO 29.04 million, achieving 4.3 percent of the targeted investment volume under its food security initiatives.

Khaled bin Salem Al Amri, Head of the Contracts Management and Investor Relations Department, stated that 85 investment opportunities had been offered via the ‘Tatweer’ platform out of 138 submitted, representing a 21 percent completion rate toward a target of 400 opportunities.

He added that 33 investment projects have been implemented across plant, animal and aquatic sectors. Dhofar Governorate led in investment value at over RO 20.55 million, followed by North Al Sharqiyah Governorate with approximately RO 4.64 million, while other governorates recorded modest completion rates ranging between 0.2 percent and 2 percent.

In terms of offering investment opportunities, Al Buraimi Governorate achieved the highest completion rate at 70 percent, followed by South Al Batinah Governorate at 62 percent. Other governorates posted completion rates between 6 percent and 28 percent.

Sector-wise, the plant sector accounted for the largest share of opportunities with 56, followed by the animal sector with 23, and both fisheries and water sectors with three opportunities each.

However, the animal sector attracted the largest share of implemented investments at about RO 21.33 million, followed by the plant sector at RO 5.82 million and the water sector at RO 1.89 million.

Al Amri stressed the need to accelerate the implementation of investment projects and convert available opportunities into operational ventures by encouraging investors, facilitating procedures and addressing challenges, in order to boost completion rates and achieve the desired economic and development impact.