The Sultanate has ambitious plans to expand production and capabilities in agriculture and fisheries, building up the sector as a contributor to economic growth.
Agricultural modernization and rural farm development are key pillars of Oman's Ministry of Agriculture and Fisheries’ Sustainable Development 2040 Strategy, which is a part of the Oman Vision 2040. In line with this vision, the government set up the Oman Food Investment Holding Company (OFIC) to develop, invest in, and implement programs aimed at boosting farm production and food processing. This includes increasing exports of dates, honey, fruits and vegetables, dairy, eggs, and red meat.
While the OFIC has already spawned four new subsidiaries – two specializing in dairy production in the north and south of the Sultanate, and the other two focused on poultry and red meat respectively – the private sector is also playing an essential role in developing the potential of the agricultural sector. For example, Oman Flour Mill is investing in an egg production facility in collaboration with international investors.