RO 5.3 Million Moringa Project Launch: Implications for Investors and Entrepreneurs in Oman
SALALAH: The Ministry of Housing and Urban Planning, in collaboration with the Ministry of Agriculture, Fisheries and Water Resources, has signed a usufruct contract for a significant agricultural investment project in the Wilayat of Thamrait, located within the Dhofar Governorate. This initiative will focus on cultivating Moringa trees over an extensive area of 10.5 million square meters in Hanfit, with an investment exceeding RO 5.3 million.
The signing ceremony was attended by 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; along with representatives from Trufud, the company responsible for implementing the project.
This large-scale agricultural endeavor aims to integrate agricultural practices with processing industries and global supply chains, marking a new direction for sustainable agribusiness development in Oman. The project aligns with national initiatives aimed at enhancing food security while promoting environmentally responsible investments.
Expected to generate annual revenues between RO 4 million and RO 5 million through the export of Moringa-based products, the project will target high-demand markets in North America, Europe, and Asia. Beyond its commercial prospects, the initiative is projected to create over 500 direct jobs, alongside numerous indirect employment opportunities in supply, packaging, and logistics. These developments are anticipated to stimulate local entrepreneurship and contribute to socio-economic growth in the Dhofar Governorate.
Environmental sustainability is a key focus of the project, which plans to plant approximately 15 million Moringa trees. This extensive plantation is expected to absorb more than 400,000 tonnes of carbon dioxide annually, thereby supporting Oman’s climate mitigation strategies and the objectives of Oman Vision 2040.
In summary, this project exemplifies a model for future agri-industrial investments in Oman, combining economic benefits with positive social and environmental impacts. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
The recent RO 5.3 million agricultural investment in Moringa cultivation signals a pivotal shift towards sustainable agribusiness, presenting significant opportunities for local entrepreneurs and international investors alike. As this project targets high-demand markets and emphasizes environmental sustainability, smart investors should consider aligning with innovative, eco-friendly initiatives that support Oman’s food security and economic diversification goals. With an expected yearly revenue of RO 4 to 5 million and the potential for over 500 jobs, the project not only promises economic benefits but also enhances the region’s socio-economic landscape, which should be a focus for forward-thinking stakeholders.
