MIDROC Investment group’s Horizon Plantations held discussions to initiate a large-scale agricultural investment project worth more than eight billion Birr in Shinile Woreda of the Somali Region.
Over 120 participants, including the Deputy President of the Somali Region, bureau heads serving on the regional investment board, zonal and woreda administrators, members of the Issa clan elderly’s council, and the local community attended the discussion.
In his opening remarks, somali region’s Deputy President Ibrahim Osman outlined the project’s objectives and its potential contribution to the region’s development as the project helps create in create jobs, foster g economic growth, improve social conditions, and support environmental protection.
Participants emphasized the need to give due attention—within the project’s planning and implementation—to issues such as the protection of pastoralist livelihoods, settlement challenges, road and infrastructure development and environmental protection.
The project utilizes a center-pivot irrigation system and involves developing 5,000 hectares of modern irrigated farmland to produce sunflowers, alfalfa fodder, and fruit crops, as well as establishing a sunflower oil processing plant.
Horizon Plantations is an entity within the agricultural sector of MIDROC Investment Group and plays a pivotal role for the Group, which serves the nation through operations across six sectors: agriculture, mining, manufacturing, construction and real estate, hospitality, and trade.
