Business

Contracts signed for agricultural projects worth RO 3 million

A total of 16 usufruct contracts were signed, covering various projects with a combined investment value of over RO 3 million
 
A total of 16 usufruct contracts were signed, covering various projects with a combined investment value of over RO 3 million
MUSCAT: The Directorate General of Agricultural, Fisheries and Water Resources in Al Buraimi Governorate has signed usufruct contracts for the establishment of agricultural and livestock projects in collaboration with the Ministry of Housing and Urban Planning.

This initiative is part of the governorate's plan to promote investment in the agricultural and livestock sectors. The signing ceremony was attended by Sayyid Dr Hamad bin Ahmed bin Saud al Busaidy Governor of Al Buraimi.

A total of 16 usufruct contracts were signed, covering various projects with a combined investment value of over RO 3 million. In the Wilayat of Mahadha, 9 contracts were signed for projects such as greenhouse vegetable production with an investment value of RO 466,000 vegetable cultivation projects with a total investment value of RO 577,000, agricultural projects with a value of RO 95,000, grape and garlic cultivation project valued at RO 51,000, poultry farming project with an investment of RO 100,000 Omani garlic cultivation project worth RO 164,000 greenhouse and open-field vegetable cultivation project with an investment of RO 100,000 and wheat cultivation project with an investment of RO 350,000.

In the Wilayat of Al Sinainah, 6 usufruct contracts were signed, including projects for vegetable production and marketing with an investment value exceeding RO 453,000 vegetable cultivation projects with a total investment value of RO 875,000 seasonal crops production project worth RO 47,000 and wheat cultivation project with an investment of RO 350,000. Additionally, a project for seasonal crops production with an investment of RO 47,000 was signed.

Eng Nasser bin Ali al Marshoudi, Directorate General of Agriculture, Fisheries and Water Resources in Buraimi governorate, highlighted that one of the ongoing projects in the Wilayat of Al Sinainah is the cultivation of 50,000 palm trees with an investment exceeding RO 3 million.

He emphasised the importance of leveraging Al Buraimi's relative advantages to attract investors in the agricultural and livestock sectors, citing abundant water resources in certain areas, fertile soil for agriculture, especially in Mahadha and Al Rawdha, and partnerships with various entities to facilitate investment procedures for investors.

Such initiatives taken to boost and support the agricultural sector in Al Buraimi marks a significant step towards fostering economic development and investment in the governorate.