The newly-established business will be the investment arm of the One Million Date Palm Trees Project, which was ordered by His Majesty Sultan Qaboos bin Said. The ceremony will be held beneath the auspices of Dr Khamis bin Saif al Jabri, head of the Implementation and Follow up Support Unit.
The financial point of view of the One Million Date Palm Trees Project started early in 2017 right after the signing of a pact in between the Diwan of Royal Court, represented by the Directorate General of One Million Date Palm Trees Project and with Tanmia and the Industrial Innovation Center.
The pact aimed at building the framework for cooperation amongst these parties in the date palms sector. This is element of the financial diversification initiative of the National Program for Enhancing Economic Diversification (Tanfeedh). The UK-primarily based Systemic Innovation, a business in the field of innovation, has been appointed to conduct feasibility research for date palm tree items and wastes, in cooperation with the Industrial Innovation Center. The UK business regarded as much more than 50 investment suggestions of which 11 promising possibilities have been chosen.
A database has been produced for all info and analysis compiled about the project for use as guidance in the future. The investment locations contain creating assorted items extracted from date palm trees such as juices and syrups.
In addition, other by-items contain date palm lumbar, fodder and fertilisers. The Diwan of Royal Court and Tanmia also agreed to create the legal and organisational framework for implementing these research and offer essential sources for operations.
Accordingly, Oman Dates Development Company will concentrate on post harvesting activities. As per the Royal Directives, 11 farms had been established as element of the One Million Date Palm Tree Project such as 600,000 date palm trees in the governorates of Dakhliyah, North Sharqiyah, South Sharqiyah, Buraimi, Dhahirah and Dhofar due to the availability of land and water.
The second stage of the project targets planting Al Fardh date palms (80 per cent or 800,000), Khalas (eight per cent or 80,000), Bunaringa (four per cent or 40,000), Al Majdool (four per cent or 40,000) and Al Fuhool (four per cent or 40,000). The One Million Date Palm Trees Project aims to generate 96,000 tonnes of dates and about 56,000 tonnes of date palm items, such as fronds, trunks, trunk bases, offshoot and other people.
Information Source: Muscat Daily