Latest news with #Thumrait
Zawya
4 days ago
- Business
- Zawya
Oman: $13.7mln 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. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Times of Oman
5 days ago
- Business
- Times of Oman
Contract worth OMR5.3mn signed for cultivation of Moringa plants
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.
