62 pacts signed to boost agri, industrial sectors

62 pacts signed to boost agri, industrial sectors

Ministry of Housing and Urban Planning signed 62 usufruct contracts with a combined investment value of over RO12.5mn on Wednesday.Muscat – The Ministry of Housing and Urban Planning (MHUP), in collaboration with Ministry of Agriculture, Fisheries and Water Resources and Authority for Small and Medium Enterprises Development, signed 62 usufruct contracts with a combined investment value of over RO12.5mn on Wednesday. These contracts aim to bolster both the agricultural and industrial sectors.

The pacts were signed by H E Hamad bin Ali al Nazwani, Undersecretary for Housing in MHUP, in the presence of H E Yaqoub bin Khalfan al Busaidi, Undersecretary for Fisheries in the Ministry of Agriculture, Fisheries and Water Resources (MAFWR).

Among the agreements are seven usufruct contracts for agricultural ventures, with an investment value of over RO1.5mn and spanning over 320 acres in Dakhliyah, Dhofar and South Batinah. These projects are focused on fortifying food security and fostering growth in the agricultural sector.

The agreements include five usufruct contracts for agricultural projects worth over RO2.6mn and covering over 700 acres in Buraimi, Dhofar and Dhahirah facilitated through the Tatweer platform.

MHUP has finalised four agreements for a total area exceeding 168,000sqm aimed at establishing branches of Oman Agricultural Society in South