RO840,531 al­lot­ted for five agri-fish projects

Muscat Daily - - NATION -

Mus­cat - The Agri­cul­tural and Fish­eries De­vel­op­ment Fund has sanc­tioned RO840,531 for five new projects in agri­cul­ture and fish­eries sec­tors.

The Board of Di­rec­tors of the Agri­cul­tural and Fish­eries De­vel­op­ment Fund held its third meet­ing for the year 2019 on Mon­day chaired by H E Dr Ha­mad bin Said bin Su­laiman al Aufi, Min­is­ter of Agri­cul­ture and Fish­eries. The meet­ing dis­cussed sev­eral top­ics in­clud­ing the fi­nan­cial po­si­tion of the fund and the po­si­tions of the funded projects.

The meet re­viewed the new projects re­quired to be funded in the se­cond in­stall­ment for the year 2019, and it was ap­proved to fi­nance five projects rep­re­sented in three agri­cul­tural projects (veg­etable and an­i­mal) and two projects in the fish­eries sec­tor with an amount of RO840,531. The projects will de­velop the sec­tors and strengthen food se­cu­rity in ad­di­tion to achiev­ing job cre­ation and in­come di­ver­si­fi­ca­tion.

Dur­ing the meet­ing, the bud­get for 2020 was ap­proved.

The meet­ing took sev­eral de­ci­sions to ac­ti­vate the mech­a­nisms of work and di­ver­sify the sources of project fi­nanc­ing in the com­ing pe­ri­ods.

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