OIA Announces Merger of Oman Food Investment Company and Fisheries Development Oman

Oman Investment Authority (OIA) has undertaken the initial steps to merge the activities of Oman Food Investment Holding Company (Nitaj) and Fisheries Development Oman (FDO) into a single business entity. This step is part of the efforts to enhance the food security sector in the Sultanate of Oman and is in line with OIA's mission to maximize efficiency and optimize spending in this vital sector based on a clear and unified vision. This is a significant step to ensure improved performance, high-quality products, cost efficiency, effective decision-making, and alignment with the national priorities of Oman Vision 2040. The merger is conducted based on a coherent action plan and a specific timeline in coordination with the concerned government entities. Source: Oman News Agency