Oman provides attractive investment opportunities and pioneering projects for AAAID

Date: 19 Jun, 2022

A number of visits and meetings were recently conducted by H.E. Mr. Mohammed bin Obaid Al Mazrooei, President of AAAID, and his accompanying delegation to meet with government officials, investors, and AAAID’s companies in the Sultanate of Oman during 5-8 June 2022. The held visits reflected AAAID’s aim to increase and develop its agricultural investments in the Arab countries, identify opportunities of agricultural investments, introduce its projects and discuss future avenues of cooperation in projects of common interests.

The visits began with meeting H.E. Dr. Saud bin Hamoud Al Habsi, Minister of Agriculture, Fisheries Wealth, and Water Recourses, in which they discussed future means of cooperation in fields of agriculture, fisheries, water resources, and projects that serve common interests to expand agricultural investment in Oman, which in turn contribute in enhancing Arab food security. For his part, AAAID’s President praised the Oman’s exerted efforts to support and develop the agricultural and fisheries sector, as well as its great interest in the various fields of agricultural investment.

A meeting was also held between H.E. the President of AAAID and his accompanying delegation, and H.E. Dr. Sultan bin Salem Al Habsi, Minister of Finance, with an aim to brief about AAAID, its agenda and its investment policy, as well as give an overview of the projects which AAAID contribute to, and the available investment opportunities in Oman.

AAAID’s delegation also met with H.E. Mr. Mohammed Suhail Al Shanfari, Chairman of the Board of Directors of Osool Poultry Company, and H.E. Mr. Nasser Al Harthy, Chairman of the Board of Directors of Fisheries Development Oman Company. In addition, field visits were carried out to a number of AAAID’s companies to review activities and performance of the companies’ projects in various governorates of Oman.

In addition, AAAID’s delegation participated in the signing ceremony of a partnership contract and two MoUs between the National Veterinary Vaccines Company, one of its companies, and the Indian company TechInvention, Indian Immunologicals for Animal Vaccine, and Malaysian Vaccines and Pharmaceuticals Company, in an attempt to cooperate in the field of veterinary vaccines production and veterinary and human biology.

AAAID contributes to the National Veterinary Vaccines Company with 50%; which has a capital of OMR 200,000, and established with the aim to contribute to the demand in Arab countries for essential, commonly used vaccines, such as those for livestock foot-and mouth disease, bird flu and Newcastle disease, among others. The project was implemented according to two phases; the first is targeting the aseptic filling and production of 114.5 million doses of different vaccines over an expansion plan period of five years, while the second phase is the production of 144 million doses of different vaccines from year 5 onward.

Along the project of the National Veterinary Vaccines Company, AAAID has a number of existing and under-establishment projects, including the Omani Euro Food Industries with a capital of OMR 2 million and a 17.19% of AAAID’s contribution, Osool Poultry Company with a capital of OMR 28.86 million and a 20.58% of contribution, and Al Bashayer Meat Company with a capital of OMR 24.5 million and a 20% of contribution. In addition to the project of Al Murooj Dairy Company, which AAAID contributes in by 20% of its total capital of OMR 10 million, and is aimed at establishing points for the collection, manufacturing and marketing of dairy cows and camels from breeders. The company also operates on manufacturing juices, and establishing milk cooling centers to produce raw milk and its by-products to meet local needs, with a capacity of 53,000 liters/day of cow milk, a 12,000 liters/day of camel milk, and factory’s production capacity of 120,000 liters/day (90,000 liters pasteurized milk + 30,000 liters sterile milk and juices).