News

Sohar, January 4 (ONA) -- Sohar Mills Company - one of the investments of Oman Mills Company - celebrated today the opening of grain storage silos at Sohar Industrial Port, at an investment cost of RO 21 million and a storage capacity of 160,000 tons.These silos are among the strategic national projects that work to increase the absorptive capacity of grain to ensure that there are sufficient quantities of grain to cover the consumption of the Sultanate of Oman for long periods. His Excellency Qais bin Muhammad Al-Yousef, Minister of Commerce, Industry and Investment Promotion, sponsor of the ceremony, said that the inauguration of the grain storage silos project in Sohar Industrial Port confirms the interest of the Sultanate of Oman government in the food security sector, indicating that the project is one of the most important main drivers for diversifying the national economy and facing global economic fluctuations. His Excellency added, "The competent authorities worked in an integrated manner to provide the appropriate environment for the growth of such projects, enact laws and administrative procedures to encourage them, and facilitate the necessary procedures for their establishment, in line with the economic development pillar of Oman's Vision 2040."His Excellency explained that the project of establishing food silos with its huge storage capacities comes within the interest of the Sohar Port and Free Zone Department in developing food projects in line with the efforts of the Sultanate of Oman to achieve economic diversification. For his part, Haitham bin Shakhbout Al Saadi, Chairman of the Board of Directors of Sohar Mills Company, said that the grain storage silos project constitutes a qualitative addition to the food security system in the Sultanate of Oman and comes from the responsibility assumed by the Omani mills in enhancing food security and securing strategic reserves. He added that the importance of the project grows with the geopolitical conditions the world is going through, which affected the supply and supply chains in general, and grain supplies in particular, to work on securing the strategic stock of grain.Al-Saadi indicated that the project will contribute to enhancing non-oil activities in the gross domestic product and supporting the rapid growth and development of the food and agricultural sector.