Oman signs 87 land usufruct agreements to drive agricultural and economic growth in Dhofar
Published: 09:10 AM,Oct 14,2024 | EDITED : 01:10 PM,Oct 14,2024
Muscat: In a concerted effort to strengthen Oman’s agricultural base and fuel economic diversification, the Dhofar Governorate has signed 87 land usufruct agreements, covering over 7,000 acres and representing an investment of more than OMR 5.9 million. This strategic initiative focuses on agricultural development as a key driver of sustainable growth, local economic revitalization, and alignment with Oman’s ambitious Vision 2040 objectives.
These agreements form part of a broader push by the Ministry of Housing and Urban Planning to capitalize on Dhofar’s vast land resources, encouraging modern agricultural practices and promoting more efficient use of natural resources. As a result, the initiative is expected to significantly bolster Oman’s food security and contribute to the diversification of the national economy, an essential pillar of the Sultanate’s long-term development strategy.
Ahmed Al-Maashani, Director of the Land Department at the ministry of housing and urban planning speaking to the Observer, emphasized that these agreements represent a forward-looking approach to enhancing the agricultural sector’s productivity. “By leveraging innovative farming techniques and optimizing land usage, we are not only securing the nation’s food future but also paving the way for Dhofar to become a key contributor to Oman’s economic growth,” he stated.
The signing of these agreements is part of a nationwide campaign to promote both urban and agricultural development projects, which are seen as critical to ensuring economic resilience and reducing dependence on single income streams, such as oil. Oman’s Vision 2040 sets forth ambitious goals to diversify the economy, and the agriculture sector is viewed as a vital area of expansion for creating jobs, increasing exports, and improving food self-sufficiency.
Earlier this year, the Ministry also secured 31 additional usufruct agreements in Dhofar across multiple sectors, including agriculture, industry, and commerce, with investments exceeding OMR 22 million. Collectively, these efforts aim to boost local investment, stimulate job creation, and contribute to Oman’s long-term socioeconomic development agenda.
As Oman continues to navigate its path toward economic diversification and sustainability, initiatives like these signify the country’s commitment to fostering growth in sectors beyond oil and gas, creating a more robust and resilient economy for future generations.
These agreements form part of a broader push by the Ministry of Housing and Urban Planning to capitalize on Dhofar’s vast land resources, encouraging modern agricultural practices and promoting more efficient use of natural resources. As a result, the initiative is expected to significantly bolster Oman’s food security and contribute to the diversification of the national economy, an essential pillar of the Sultanate’s long-term development strategy.
Ahmed Al-Maashani, Director of the Land Department at the ministry of housing and urban planning speaking to the Observer, emphasized that these agreements represent a forward-looking approach to enhancing the agricultural sector’s productivity. “By leveraging innovative farming techniques and optimizing land usage, we are not only securing the nation’s food future but also paving the way for Dhofar to become a key contributor to Oman’s economic growth,” he stated.
The signing of these agreements is part of a nationwide campaign to promote both urban and agricultural development projects, which are seen as critical to ensuring economic resilience and reducing dependence on single income streams, such as oil. Oman’s Vision 2040 sets forth ambitious goals to diversify the economy, and the agriculture sector is viewed as a vital area of expansion for creating jobs, increasing exports, and improving food self-sufficiency.
Earlier this year, the Ministry also secured 31 additional usufruct agreements in Dhofar across multiple sectors, including agriculture, industry, and commerce, with investments exceeding OMR 22 million. Collectively, these efforts aim to boost local investment, stimulate job creation, and contribute to Oman’s long-term socioeconomic development agenda.
As Oman continues to navigate its path toward economic diversification and sustainability, initiatives like these signify the country’s commitment to fostering growth in sectors beyond oil and gas, creating a more robust and resilient economy for future generations.