14 Usufruct Contracts Signed For Investment In Oman's Agriculture Sector

14 Usufruct Contracts Signed For Investment In Oman's Agriculture Sector

In collaboration with the Ministry of Agriculture, Fisheries, and Water Resources, the Ministry of Housing and Urban Planning has recently entered into 14 usufruct contracts valued at over OMR8.3 million. These contracts aim to promote investment in the agriculture sector.

The contracts cover a wide range of agricultural activities, including poultry breeding, frankincense cultivation, livestock raising and marketing, beekeeping, and the cultivation of wheat, coffee, and date palm trees. Additionally, the contracts involve the establishment of a farm dedicated to producing figs, papaya fruits, and seedlings, as well as another farm focused on rearing goats.

These projects will be implemented across five governorates, namely Dhofar, A’Dakhiliyah, North A’Sharqiyah, South Al Batinah, Al Buraimi, and Muscat.

The signing of these contracts was overseen by Eng. Hamad Ali Al Nazwani, Undersecretary of the Ministry of Housing and Urban Planning for Housing, along with representatives from various companies and institutions investing in these projects.

The signing ceremony was graced by the presence of Dr. Ahmed Nasser Al Bakri, Undersecretary of the Ministry of Agriculture, Fisheries, and Water Resources for Agriculture, as well as officials from the Authority for Small and Medium Enterprises Development (ASMED).

 

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