Oman Investment Authority to take over Million Palm Tree project

Muscat: The Oman Investment Authority (OIA) is taking up the management of the Million Palm Tree Cultivation Project.

A statement issued online by OIA said, ”Today we announce that OIA is taking steps to take over managing the Million Palm Tree Cultivation Project with the government's directions to enhance performance and achieve financial sustainability, and to keep the project in line with Oman Vision 2040. This is in cooperation with the Ministry of Agriculture, Fisheries Wealth & Water Resources, with the aim of maximising the economic value of the project and contributing to enhancing the Sultanate's food security.