Mohammed Alardhi is the executive chairman of Investcorp, chairman of Muscat Stock Exchange MSX and chairman of Royal Jet
December 10, 2024
A crucial aspect of planning for the future is re-examining food security in the context of climate change. The onus is on every nation to aim for every citizen to have access to safe and nutritious food considering four dimensions as outlined by the World Bank.
These include physical availability, economic access, use and stability over time. Food security relates to a number of the UN Sustainable Development Goals. Some of these goals are: ending world hunger and malnutrition, health and well-being for all ages, access to affordable and clean energy, promoting employment and economic growth, building resilient infrastructure, promoting inclusive and sustainable industries, making sustainable cities and communities, ensuring responsible consumption and production, and taking action to tackle climate change.
It is imperative for any nation attempting to achieve food security to strategically develop local farming systems that are sustainable and built to produce enough to meet local and national demand, as well as for export. Oman has been proactive in expanding its agriculture sector, optimising use of national resources and employing cutting-edge technology to expand output. Last year, the sultanate invested about $890 million, part of the government's strategy to increase food security and diversify economic interests according to Vision 2040.
Planning and investment can help in mitigating those risks and safeguarding the future
Further, Oman's agriculture and fisheries sectors witnessed an increase in gross domestic product from $1.09 billion in the first half of 2023 to $116 billion during the same period this year.
There are also 137 food projects under way, the most notable being the Saham Agricultural City, a hub that is set to employ advanced technologies including hydroponics, aeroponics and fish farming in order to provide food to 25,000 people a year. This will create more jobs and allow farmers to maximise output, reducing the sultanate's reliance on food exports.
To offset the effect of climate change, a radical transformation led by strategic government planning – like it has been in Oman – is crucial, since there are looming threats that could limit both physical and economic access to food in many countries. The sultanate's efforts can offer a case study for nations that have not prioritised agribusiness so far. It is not too late to invest in this sector and waiting longer could lead to serious crises for their citizens in coming years.
Climate change can have detrimental effects on agriculture, from loss of natural resources, excessive precipitation, excessive heat, drought, new pests and diseases to name a few. In order to mitigate such changes and have action plans for damage reduction and control, nations must be proactive and armed with the tools they may need beforehand.
Muscat Fish Market in Oman. Sopa Images
The reduced growth of major crops will lead to a drastic drop in supply, driving up prices. Before facing such a predicament, countries can look into alternatives and diversify production while encouraging food consumption patterns that honour seasons, along with livestock and crops that are abundant.
Aside from investing in existing agricultural frameworks, nations can adopt best practices and technologies from leaders in production of specific livestock and crops that are most likely to withstand changes in their climate. Other initiatives towards net zero emissions will also contribute to sustainable agriculture initiatives and subsequently food security.
These could include: creation of sustainable, natural ecosystems and increasing the use of zero-and low-emission vehicles, increasing solar and wind capacity, creating new buildings and machinery that meet strict energy efficiency standards, increasing public transport, decarbonising industries such as aviation, cement and steel, and reducing food loss and waste.
Humanity is at a critical juncture. We are aware of the risks associated with mass production models that have taken over the mainstream over the past few decades. There is no better time than now to piece together the acumen and technology we have acquired with the sustainable, community-centric practices of our forefathers. These are a hallmark of the Omani tradition, and they use the best of our past and present to pave the way for a secure and prosperous future.
Oman has come a long way in just a few decades, developing at a rapid but consistent pace and evolving with the times to protect its future. It goes to show the power of communal mindsets and collective commitment towards moving forward while also honouring the past. This serves as an important lesson for other nations that could achieve similar success through strategic leadership and a push for community engagement.
While climate change poses a series of risks to food security and overall human well-being, planning and investments can help to mitigate those risks and protect the future.
Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
Sellers should focus on providing high-quality used goods at attractive prices to buyers.
It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
Be creative and look around your home for valuable items that you no longer need but might be useful to others.
UAE currency: the story behind the money in your pockets
The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.
The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.
He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.
He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.
He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
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