The Oman Food Investment Holding Company (OFIC), the food sector investment arm of the Omani government, plans to invest around RO100 million ($259.76 million) into six new ventures this year aimed at further strengthening the sultanate’s strategic food security goals, said a report.

Engineer Saleh bin Mohammed al Shanfari, chief executive officer of OFIC, revealed that the new projects will see investments in, among other areas, fish canning, agricultural logistics and marketing, food logistics, and for the first time, veterinary vaccine production as well, added the Oman Daily Observer report.

Significantly, the new ventures build on a sizable portfolio of projects being spearheaded by OFIC encompassing investments in large-scale dairy and milk processing, poultry farming and white meat processing, red meat production, cow and camel milk collection and processing, and dates marketing.

These projects, attracting capital investments of around RO300 million ($779.28 million), are in various stages of implementation and will make a robust contribution to the government’s ambitions to achieve greater levels of self-sufficient in domestic food production, added the report.