Oman agricultural sector to grow by 2.4%: report

Muscat: A new report by the Indian research company Mordor Intelligence confirmed that the agricultural sector in the Sultanate of Oman is projected to register a CAGR of 2.4% during the forecast period (2022-2027) 

The report said that agriculture in Oman registered positive growth during the Covid-19 pandemic outbreak. Agriculture is considered the pillar of economic growth, thus, it resulted in an immediate response from the national government to ensure food safety and security in the country.

The report pointed out that the agriculture and fisheries sector in Oman saw a growth of 9.8% in 2019-2020. Hence, Oman’s agricultural market witnessed impressive growth during the pandemic 

The report , the increase in the adoption of advanced farming technologies and conducive government polices supporting domestic crop production are some of the factors driving the market growth in the country. Oman majorly meets its domestic fruits, vegetables, and cereals demand through imports. Therefore, to reduce import dependency, the country is aiming for self-sufficient in agricultural products by encouraging its farmers to adopt advanced farming techniques. 

Additionally, Oman has increased its barley, sorghum, and wheat production in recent years. The government has launched several initiatives to encourage private sector production, such as updating regulations, providing low-interest loans, aiding domestic production, and running campaigns to increase the visibility of locally made products, which is anticipating the growth of the agriculture in Oman during the forecast period.