Amman: Minister of Agriculture Khaled Hneifat recently convened with Sami Masnat, the CEO of Government Investments, along with Suhaib Sarair from the Joseph Court and Studies, to deliberate on the Ministry’s proactive role in advancing significant agricultural initiatives.
According to Jordan News Agency, the discussions highlighted the Ministry’s dedication to strengthening the food sector through the Food Industries Stimulation Project. This project aims to support industrial, developmental cities and municipalities. A notable development is the recent agreement with Diamond International Investment Company to establish a special free zone, which is expected to enhance food supply support as part of the project.
The Ministry is also prioritizing additional agricultural development projects targeting poverty and unemployment while addressing water consumption considerations. A key objective is to achieve self-sufficiency in essential agricultural products, with a focus on existing public projects over alternative options.
Masnat proposed that the company will manage government investment projects and explore additional initiatives. The Ministry of Agriculture has been increasingly active in implementing various agricultural projects and seeking investment opportunities for small-scale ventures, such as the ongoing sugar beet factory project.
Masnat also mentioned that the company is investigating international investment opportunities and conducting studies related to sports projects with the aim of developing investment strategies that foster success in the agricultural sector. The company’s current investment portfolio stands at approximately JOD15 million, with plans to expand into more agricultural opportunities.
Attention during the conference was also drawn to the Ministry’s Qatar Investment Committee, which offers insights into potential agricultural projects and shareholder opportunities within the company.