Oman Investment Authority to manage Million Date Palm Plantation Project

SourceSalaam Gateway
SectorEconomy
CountryOman

Published 04 May,2021 via Muscat Daily - To enhance financial sustainability, and in line with Oman Vision 2040, the Oman Investment Authority (OIA) announced the commencement of the preliminary steps to take over the management of the Million Date Palm Plantation Project on Tuesday.

The Million Date Palm Plantation Project is the biggest project undertaken in the sultanate to enhance the role of date palms in the agriculture sector.

A statement issued by OIA, said, ‘The project aims to enhance food security in the sultanate, create opportunities in the private sector, enhance the role of small and medium enterprises (SMEs) while enabling farmers to play a major role in this. The authority will produce high quality date palm seedlings and distribute these among farmers and purchase their produce. It will also cultivate fields to produce high quality crops.’

H E Abdulsalam bin Mohammed bin Abdullah al Murshidi, chairman of OIA, said, “The authority realises the responsibility entrusted to it to

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