Economy
New Joint Agreement To Help Bolster Food Security In Oman
The Ministry of Agriculture, Fisheries and Water Resources and the Oman India Fertiliser Company (OMIFCO) signed an agreement today [February 16] to fund the project of implementing an indoor vertical farming project to produce leafy greens.
The agreement was signed within the framework of the Ministry in bolstering the food security system in the Sultanate of Oman.
The agreement was signed by Dr. Ahmed Nasser Al Bakri, the Ministry’s Undersecretary for Agriculture and Sheikh Khalid Mohammed Al Fannah Al Araimi, OMIFCO’s Director of Sustainability and Institutional Communication.

The project includes the use of Plant Factory technology – which is a closed agricultural system in which light, temperature, humidity, and carbon dioxide concentrations necessary for plant growth are artificially controlled.
The plants are grown vertically instead of horizontally as is the practice in traditional greenhouses. This method should increase crop production, while allowing farms to have a stable production of greens, particularly leafy greens, all year round.
Moreover, the system will create investment opportunities for job seekers, and as an added benefit, reduce water consumption by 40 to 60 per cent when compared with regular systems.
-
Economy2 months agoOMIFCO IPO: Price, Dividends, Subscription Dates and Listing – Here’s Everything You Need to Know
-
Magazines1 month agoOER May 2026 Edition: The Digital Copy
-
News4 weeks agoINVESTIGATION: Why Nokia Could Matter More in the Quantum Age Than It Ever Did in Mobile
-
Investment1 month agoWhy Are Tech Stocks Rising Again – And Is It Too Late To Invest In Them?
-
News1 month agoINVESTIGATION: Is AI in a Bubble? Inside the Trillion-Dollar Question Reshaping Global Markets
-
Magazines2 months agoSignature Oman: May 2026 Edition
-
Banking & Finance2 months agoOman Arab Bank marks successful listing of $400mn AT1 Bond on London Stock Exchange
-
Economy4 weeks agoOMIFCO Successfully Completes Bookbuilding & Sets Final IPO Offer Price
