OUTLOOK — By Nassir Al Majrafi — Investment is the cornerstone in the development in the field of agriculture and livestock. The agricultural sector sees robust growth when the investment is based on a solid grounds. Understandably, agricultural investment needs to be supported in several ways so that the sector could be able to allure investors to invest their money without worries of any kind. These aspects include security, stability, investment laws, availability of agricultural resources and active markets, in addition to the existence of viable means of production which includes scientific research and the application of cutting-edge technologies in the agricultural operations.
The Ministry of Agriculture and Fisheries is constantly developing the efficiency of the agricultural infrastructure. The ministry has already set up several research centres all across the country in order to improve the quality and quantity of agricultural product. Researches have achieved considerable success in utilising salty water in cultivating specific types of fruits that resist to salinity.
The ministry applies modern technology to improve agriculture and livestock and it has introduced advanced irrigational systems in small farms as well as the use of other techniques such as agricultural mechanisation and greenhouse farming. These modern methods have proven quite successful in boosting the productivity of the agricultural sector. The ministry is also encouraging animal breeders to utilise advanced methods in livestock breeding projects and the use of modern animal barns. The success in applying these methods has proven quite successful in boosting livestock products and is highly likely to attract investors to the livestock sector.
A quick look at the agricultural sector shows the investment opportunities are aplenty and diversified, the likes of which never exist in other sectors. For instance investors can benefit from date palm trees in many ways besides food production, as palm trees are known for being useful as far as every part of it is concerned.
The field of honey bees production is a promising one for investors wishing to benefit from the Sultanate’s huge potential of honey bee breeding. The demand for high-quality Omani honey and the other related products is increasing both inside Oman and across the Gulf region.
Livestock projects executed in Oman have achieved an amazing success due to availability of healthy climate for investment in the field of animal rearing. This is yet another lucrative sector and with the huge livestock potential that abounds in Oman the investment future looks bright and promising.
In a nutshell, if we put into consideration the increase in the Omani population and the rise in income, which reflects in excellent purchasing power, investment in the agriculture and animal sector is becoming more and more attractive, particularly when investors think about the previous successful experiences and most importantly the facilitations and encouragement given by the wise Omani government to investors in all sectors.