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Usufruct Contracts Signed in Agricultural, Industrial, Livestock Sectors

Muscat,
9 Oct (ONA) — The Ministry of Housing and Urban Planning, in cooperation with
the Ministry of Agriculture, Fisheries and Water Resources and the Small and
Medium Enterprises Development Authority “Riyada,” signed 32 usufruct
contracts with a number of entrepreneurs today in the agricultural, industrial,
and livestock production sectors.

The
contracts represent an investment value exceeding RO 8.2 million and cover an
area of 7 million square meters, signed on the sidelines of Oman Home &
Building Expo at Oman Convention and Exhibition Centre.

These
contracts were distributed as 21 usufruct contracts for entrepreneurs from
small and medium enterprises in the industrial sector. These cover a total area
exceeding 11,000 square meters with an investment value of RO 1.2 million. They
encompass various fields such as vehicle repair, aluminum and carpentry
workshops, building materials warehouses, soil testing laboratories, boat and
marine unit maintenance, blacksmithing workshops, and modern laundries,
distributed across the North Al Batinah, South Al Batinah, Al Wusta, A’Dhahirah
and A’Dakhiliyah governorates.

The
pacts also included the signing of 11 agricultural contracts in the North Al
Batinah, South Al Batinah, North A’Sharqiyah, A’Dhahirah and A’Dakhiliyah
governorates. These cover a total area exceeding 1,400 acres with an investment
value of RO 5.7 million. The projects involve organic farming, meat production,
feed manufacturing, fruit and natural oil cultivation, ostrich farming, papaya
production, red sugar manufacturing, in addition to specialized projects for
producing nutritional supplements and natural herbs.

The
Ministry of Housing and Urban Planning emphasized that these contracts enable
entrepreneurs and owners of small and medium enterprises by providing them with
viable investment opportunities that enhance the diversification of the
economic base and contribute to achieving self-sufficiency in food security.
They also generate new job opportunities and stimulate the local investment
environment in vital sectors directly linked to food security.

The
signing ceremony was attended by Eng. Hamad Ali Al Nazwani, Undersecretary of
the Ministry of Housing and Urban Planning for Housing, Dr. Ahmed Nasser Al
Bakri, Undersecretary of the Ministry of Agriculture, Fisheries and Water
Resources for Agriculture, along with a number of investors and entrepreneurs.

—
Ends/AH