Under the Oman Vision 2040 framework, agriculture and fisheries are emerging as pivotal drivers of economic growth and investment. With the adoption of modern farming practices, strategic initiatives, and robust government support, these sectors are thriving and contributing to a sustainable ecosystem.
IMPRESSIVE GROWTH IN OUTPUT
Oman has achieved record-breaking growth in its agriculture and fisheries industries. According to InvestOman, agricultural output in 2023 reached 3.7 million tons, growing at a steady 5.2% annually over the past five years. Livestock and dairy production saw significant increases, totaling 443 tons annually with a 10.1% growth rate from 2019 to 2023. Meanwhile, the fisheries sector flourished, with 792 tons of fish harvested in 2023, reflecting an 8.1% growth over the same period.
Exports highlight the sector’s dynamism. In 2020 alone, Oman exported 301,000 metric tons of fish, generating $296 million in revenue. The aquaculture industry is also on an upward trajectory, producing 1,307 metric tons in 2020—a 24% increase from the previous year—and is projected to create 11,000 jobs by 2040.
STRATEGIC PROJECTS FOR FOOD SECURITY
Oman Food Investment Holding Company (Nitaj) is spearheading food security and self-sufficiency initiatives. Over the next five years, Nitaj plans to invest $950 million in up to 23 food-related projects, focusing on innovative technologies such as hydroponics, aeroponics, and aquaculture to enhance sustainability and efficiency.
Key projects include the Al Najd Agricultural City, which leverages Oman’s fertile land for large-scale investments, and the upcoming Saham Agricultural City (SAC), spanning 65 square kilometers, with 70% of its area dedicated to agriculture. SAC aims to produce enough food annually to support 25,000 people while utilizing advanced farming methods for optimal resource efficiency.
In the fisheries sector, major initiatives like the 40,000-hectare Barr Al Hikman Shrimp Aquaculture Farm, led by Fisheries Development Oman, underscore the sector’s growth potential.
EXPANDING INVESTMENT OPPORTUNITIES
Oman offers diverse investment opportunities in agriculture and fisheries, including livestock farming, greenhouse cultivation, open-field farming, aquaculture, and food processing. The Sultanate’s wide range of food products—dairy, fruits, vegetables, and various meats—adds to its appeal as a promising investment destination.
The Ministry of Agriculture, Fisheries, and Water Resources supports these initiatives through its Sustainable Development 2040 Strategy. With over 1,200 plant species thriving in its varied landscapes, Oman provides fertile ground for agricultural innovation and rural development.
A FUTURE BUILT ON SUSTAINABILITY
Oman’s agriculture and fisheries sectors are integral to its efforts to diversify the economy and achieve sustainability. By integrating advanced technologies and fostering public-private partnerships, the Sultanate is developing a resilient food production system that serves both local and global markets.
With a strategic vision and substantial investments, Oman is poised to become a regional leader in agriculture and fisheries, offering compelling opportunities for investors seeking growth in these essential sectors.
