Investments Worth Over RO 13mln Made Available at Food Industries Sector: Oman’s MoCIIP

Muscat: Acting in cooperation with government and private sectors, the Ministry of Commerce, Industry and Investment Promotion has outlined investment opportunities available in the food industries sector, with an investment value worth more than RO 13 million.

According to the ministry, the opportunities are available at the sectors of “value-added fish industries products”, the “centre for training, testing and developing food technology” , “dairy industries” and “date processing and packaging”.

The ministry said that the “value-added fish industries products” opportunity is a new manufacturing facility that will be established in the Special Economic Zone at Duqm on a land area of ​​1,000 square metres, with an investment worth RO 4.2 million and an investment revenue of 13.9 percent.

The “centre for training, testing and developing food technology” is an investment opportunity to address the gaps in the system of food safety and monitoring. The centre will be set up in the Governorate of Muscat on a land area of more than 20,000 sqm, with an investment value of RO 3.9 million.

The “dairy industries” investment opportunity deals with the establishment of a new unit for evaporating and condensing milk. The investment will have an Omani trademark. Its unit will be set up on an area of 8,000 sqm at the free zone in Sohar, with an investment value of RO 3 million and an investment revenue of 14.1 percent.

Meanwhile, the “date processing and packaging” is a new production facility for processing and packing dates for the commercial and retail food sectors. The unit will have an investment volume of RO 2.1 million and an investment revenue of 17.4 per cent. – ONA