Oman Food Investment Holding Company and Arab Authority for Agricultural Investment and Development signed a memorandum of understanding for enhancing the existing cooperation between them in several food security projects
The head of Iran's industry and agriculture committee in Khoramshahr city said Omani businessmen would be provided with lands and waters and 1 million palm saplings will be cultivated in Khoramshahr and their output exported to Oman.
“We have received proposals for huge pieces of land in two countries. We would like to see these formalised and signed, after which we can announce the investment opportunities," says Minister of Agriculture.
The Tanzanian food industry that Omani business companies can tap into is not only confined to what is grown on the field but the fishing industry as well, says speaker of the National Assembly of Tanzania, Anne Makinda.
The option for Oman to boost its food security by investing in overseas farmland is still open, with interest shown by 'a number of countries,' according to H E Dr Fouad bin Ja'afar al Sajwani, Minister of Agriculture and Fisheries.
Gulf oil producers have abandoned long-standing nationalistic policies of achieving food self-sufficiency and switched to a more realistic approach of using their strong financial muscle to invest in farm projects in fertile countries.