Thursday, 21 Nov 2019 | 24 Rabi Al Awwal 1441
New company formed as investment arm of date palm trees project

New business formed as investment arm of date palm trees project

The ceremony at Al Wahat Club was held below the auspices of Dr Khamis bin Saif al Jabri, head of the Implementation and Follow-up Support Unit.

Speaking on the occasion, Dr Rashid bin Seif al Shaqsi, director basic of the One Million Date Palm Trees Project expressed deep thanks and gratitude to His Majesty the Sultan for providing Royal Order to plant 1mn trees due to his belief in the value of the date palm tree.

He added that His Majesty the Sultan affirmed that the project will improve Oman’s meals safety and contribute in enhancing the financial, social, cultural, and environmental sources of the nation.

He pointed out that the globe-class principal complicated of the business which will price about RO92mn will be set up in the wilayat of Nizwa. The complicated will consist of central processing units, secondary goods-primarily based industries and revolutionary industries.

Sheikh Rashid bin Seif al Mardhouf al Saadi, CEO of Tanmia mentioned that the establishment of the business is the outcome of the close and constructive cooperation in between the Diwan of Royal Court and Oman National Investments Development Company with direct assistance from the Implementation and Follow-up Support Unit.

The joint function pillars had been established by means of the cooperation with specialised organisations and consultants to assessment the investment possibilities and prepare the technical and monetary research. The UK-primarily based Systemic Innovation, a specialised business in the field of innovation has been appointed to conduct the feasibility study for the date palm tree goods and wastes in cooperation with the Industrial Innovation Center.

The investment places consist of generating assorted goods extracted from date palm trees, such as juices and syrups.

In addition, other by-goods consist of organic coal, date palm lumbar, fodder and fertilisers.

The One Million Date Palm Trees Project aims to create 96,000 tonnes of dates and about 56,000 tonnes of date palm goods.

Information Source: Muscat Daily

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