Salalah: Acting in cooperation with the Ministry of Agriculture, Fisheries and Water Resources, the Ministry of Housing and Urban Planning on Wednesday signed a usufruct contract to carry out an investment project for the cultivation of Moringa trees in Hanfit area in the Wilayat of Thumrait (Governorate of Dhofar).
The project, which covers an area of 10.5 million square metres, has an investment value of more than OMR5.3 million.
The contract signing ceremony was attended by HH Sayyid Marwan Turki Al Said, Governor of Dhofar, Dr. Khalfan Said Al Shuaili, Minister of Housing and Urban Planning, Dr. Saud Hamoud Al Habsi, Minister of Agriculture, Fisheries and Water Resources, and representatives of Trufud, the project’s implementing company.
The project is a unique investment initiative that links agriculture, converting industries and supply chains. It constitutes part of the Sultanate of Oman’s efforts to promote sustainable agricultural investment and achieve food security.
The project is envisaged to generate annual revenues ranging between OMR4 and OMR5 million, from exports of moringa products to global markets in North America, Europe, Asia and other destinations.
The project is also expected to generate more than 500 direct employment opportunities and other jobs in the fields of supply, packaging and logistics—thus boosting entrepreneurship in the local community.
The project boasts significant environmental gains, with the planting of about 15 million Moringa trees is set to absorb more than 400,000 tonnes of carbon dioxide annually.
It therefore contributes to the Sultanate of Oman’s drive to mitigate the impacts of climate change and achieve the goals of Oman Vision 2040.
