Strategic plan to ramp up value creation from Million Date Palms Project Published: 10:06 PM, May 04, 2021
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MUSCAT, MAY 4 - In a strategic decision, the Oman Investment Authority (OIA) – the integrated sovereign wealth fund of the Sultanate of Oman – has said it is gearing up to assume responsibility for the operations and management of the Million Dates Palms Plantation Project with a view to harnessing its commercial potential to enhance economic diversification, support job creation, drive SME development in line with Oman’s Vision 2040.
The move, which is backed by the Ministry of Agriculture, Fisheries and Water Resources, is designed to maximize the benefits from this project by optimizing value creation, contributing to enhancing Oman s food security, creating partnership opportunities with the private sector, and enabling Omanis farmers to play a key role in its development.