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RO5.3mn moringa tree project launched in Thumrait

RO5.3mn moringa tree project launched in Thumrait

Muscat Daily2 days ago
Salalah – An agreement for a major agricultural investment project to grow moringa trees and manufacture byproducts supporting food security, environmental sustainability and export diversification was signed on Wednesday.
An usufruct contract covering an area of 10.5mn sqm in the Hanfit area of Thumrait was signed between Ministry of Housing and Urban Planning and Ministry of Agriculture, Fisheries and Water Resources. Led by Trufud, the project has an investment value exceeding RO5.3mn.
The agreement was signed in the presence of H H Sayyid Marwan bin Turki al Said, Governor of Dhofar, H E Dr Khalfan bin Said al Shuaili, Minister of Housing and Urban Planning, H E Dr Saud bin Hamoud al Habsi, Minister of Agriculture, Fisheries and Water Resources, and officials of Trufud.
The project is a unique investment initiative that links agriculture, manufacturing and supply chains, as part of Oman's efforts to promote sustainable agricultural investment and achieve food security. It is expected to yield annual revenues of RO4mn to RO5mn through exports of moringa-based products to markets in North America, Europe and Asia.
The project is also expected to generate more than 500 direct job opportunities and additional roles in logistics, packaging and supply services. According to officials, the project will enhance local entrepreneurship and contribute to the economic development of Dhofar.
The moringa tree is known for its nutritional and medicinal properties and the project includes facilities for production of oils and powders used in health products.
In addition to commercial goals, the project includes environmental benefits. Planting 15mn moringa trees is expected to absorb more than 400,000 tonnes of carbon dioxide annually.
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RO5.3mn moringa tree project launched in Thumrait
RO5.3mn moringa tree project launched in Thumrait

Muscat Daily

time2 days ago

  • Muscat Daily

RO5.3mn moringa tree project launched in Thumrait

Salalah – An agreement for a major agricultural investment project to grow moringa trees and manufacture byproducts supporting food security, environmental sustainability and export diversification was signed on Wednesday. An usufruct contract covering an area of 10.5mn sqm in the Hanfit area of Thumrait was signed between Ministry of Housing and Urban Planning and Ministry of Agriculture, Fisheries and Water Resources. Led by Trufud, the project has an investment value exceeding RO5.3mn. The agreement was signed in the presence of H H Sayyid Marwan bin Turki al Said, Governor of Dhofar, H E Dr Khalfan bin Said al Shuaili, Minister of Housing and Urban Planning, H E Dr Saud bin Hamoud al Habsi, Minister of Agriculture, Fisheries and Water Resources, and officials of Trufud. The project is a unique investment initiative that links agriculture, manufacturing and supply chains, as part of Oman's efforts to promote sustainable agricultural investment and achieve food security. It is expected to yield annual revenues of RO4mn to RO5mn through exports of moringa-based products to markets in North America, Europe and Asia. The project is also expected to generate more than 500 direct job opportunities and additional roles in logistics, packaging and supply services. According to officials, the project will enhance local entrepreneurship and contribute to the economic development of Dhofar. The moringa tree is known for its nutritional and medicinal properties and the project includes facilities for production of oils and powders used in health products. In addition to commercial goals, the project includes environmental benefits. Planting 15mn moringa trees is expected to absorb more than 400,000 tonnes of carbon dioxide annually.

Tanuf grape farm boosts Oman's food security, eyes export
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Tanuf grape farm boosts Oman's food security, eyes export

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Moringa project launched with RO 5.3m investment
Moringa project launched with RO 5.3m investment

Observer

time2 days ago

  • Observer

Moringa project launched with RO 5.3m investment

SALALAH: The Ministry of Housing and Urban Planning, in cooperation with the Ministry of Agriculture, Fisheries and Water Resources, has signed a usufruct contract for a major agricultural investment project in the Wilayat of Thamrait, Dhofar Governorate. The initiative involves the cultivation of Moringa trees over an expansive area of 10.5 million square metres in Hanfit, with a total investment value exceeding RO 5.3 million. The signing ceremony was held in the presence of HH Sayyid Marwan bin Turki al Said, Governor of Dhofar; Dr Khalfan bin Said al Shueili, Minister of Housing and Urban Planning; Dr Saud bin Hamoud al Habsi, Minister of Agriculture, Fisheries and Water Resources; and representatives from Trufud, the company tasked with implementing the project. This large-scale agricultural venture aims to integrate agriculture with processing industries and global supply chains, representing a new direction in sustainable agribusiness development in Oman. It aligns with national efforts to enhance food security while fostering environmentally responsible investments. Expected to yield annual revenues of RO 4 to 5 million through the export of Moringa-based products, the project will target high-demand international markets, including North America, Europe and Asia. In addition to its commercial potential, the initiative will create over 500 direct employment opportunities, along with numerous indirect jobs in supply, packaging and logistics. These prospects are set to stimulate local entrepreneurship and contribute to socio-economic development in the Dhofar Governorate. Environmental sustainability is also at the core of the project, with plans to plant around 15 million Moringa trees. This plantation is projected to absorb more than 400,000 tonnes of carbon dioxide annually, significantly supporting Oman's climate mitigation strategies and the goals of Oman Vision 2040. This project serves as a model for future agri-industrial investments in the Sultanate of Oman, combining economic returns with positive social and environmental impact. — ONA

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