Latest news with #KhalfanbinSaidalShuaili
Muscat Daily
5 days ago
- Business
- 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.
Observer
08-03-2025
- Business
- Observer
Oman showcases urban vision at MIPIM 2025
MUSCAT: The Sultanate of Oman is set to participate in MIPIM 2025, one of the world's premier urban development forums, held in Cannes from March 11-14. This year's event, themed "Shaping Sustainable Cities," will bring together 20,000 participants from 90 countries, including investors, developers, and policymakers. Oman's pavilion will highlight major real estate and urban development projects, including Sultan Haitham City, Al Khuwair Downtown, Salalah Future City, Oman Mountain Front, and Thuraya City. These projects align with the country's commitment to creating smart, sustainable, and investment-friendly urban spaces. Jamal bin Nasser al Hadi, spokesperson for the Ministry of Housing and Urban Planning, emphasised that Oman's participation is geared toward attracting global investors, showcasing large-scale developments, and positioning Oman as a leading real estate destination. The country is actively integrating advanced urban planning and smart city technologies to enhance the competitiveness of its property sector. A key highlight of Oman's presence at MIPIM 2025 will be a session by Dr Khalfan bin Said al Shuaili, Minister of Housing and Urban Planning, discussing how long-term demographic shifts influence urban sustainability, with comparisons between Europe and emerging markets. Oman's delegation will also host nine specialised discussions, focusing on future real estate trends, investment incentives, and smart city infrastructure. Adding to its prominence, the Sultan Haitham City project has been shortlisted among the top four finalists for the prestigious MIPIM 2025 Awards, which recognise excellence in urban innovation and sustainability. The winners will be announced at a ceremony attended by global real estate leaders.
