MUSCAT: The Agricultural and Fisheries Development Fund shared that it funded a total of 22 projects with a total value of RO 2.846 million in 2022.
According to Dr Masoud bin Sulaiman al Azri, a key official at the Fund, various sectors spanning the agriculture, animal husbandry, fisheries, water resources, and food safety sectors were supported with funding assistance with the goal of enhancing food quality and safety.
He added that the Fund's 2040 strategy includes the following goals : improving the management of agricultural and fisheries resources, ensuring their sustainability, developing production and manufacturing systems, marketing, value chain analysis, promoting food safety and quality programs, creating job opportunities for Omanis, diversifying sources of income, raising income levels, and contributing to providing investment opportunities to enhance food security.
Since its establishment in 2004, the Fund has supported a total of 275 projects with a total cost of RO 46.157 million.
According to Al Azri, the Fund is currently seeking a bank to implement and finance projects in accordance with the standards authorized by the Fund, in collaboration with private sector establishments. In addition to diversifying self-financing options.
Back in December, the Minister of Agriculture, Fisheries and Water Resources, shared that total value of investment in food related projects reached RO 1.3 billion in 2022.
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