Investments in 'Nitaj' generate value worth OMR457 million till September 2023

Oman Wednesday 11/October/2023 16:04 PM
Investments in 'Nitaj' generate value worth OMR457 million till September 2023

Oman Food Investment Holding company 'Nitaj', an affiliate of Oman Investment Authority (OIA), is working to promote sustainable agriculture and food security in Oman.

The company has undertaken 11 projects since its establishment in 2012  and generated an overall value of about OMR457 million until the end of September 2023,  according to a recent report issued by the company.

Mohammed Al Harthy, CEO of the Oman Food Investment Holding Company 'Nitaj', said: "The company aims to invest in food projects in cooperation with the private sector to achieve self-sufficiency in basic food products and enhance food security in the Sultanate of Oman. This is in line with the Oman 2040 Vision."

The CEO of 'Nitaj', said that the company seeks to promote sustainable agriculture in the Sultanate of Oman in cooperation with Omani farmers and livestock breeders by using modern methods and technologies to produce diverse and sustainable food while preserving the environment and protecting natural resources.

"The company seeks to expand further into regional and international markets, in addition to innovation in food products and services to maximise the benefits of its food products and provide more diverse and healthier options to customers, hoping that these efforts will contribute to enhancing food security in the Sultanate of Oman and achieving economic and social development, he added.

Al Harthy pointed out that among the strategic initiatives launched by 'Nitaj' during the last period is the “Janain” project, in cooperation with the Omran Group in the state of Jabal Al-Akhdar in the Al-Dakhiliyah Governorate. It is an initiative that aims to integrate agriculture and tourism to create a distinctive tourism experience in harmony with the state’s picturesque nature