RO840,531 allotted for five agri-fish projects
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.