Source: Mubasher Info
Oman, Mubasher: The Ministry of Agriculture, Fisheries and Water Resources has signed four investment agreements with local companies to implement quality projects in the aquaculture sector, with total investments exceeding OMR 51 million, distributed across the governorates of Al Sharqiyah South, Al Wusta, and Muscat.
The contracts were signed on behalf of the Ministry by Dr. Saud bin Hamoud Al Habsi, Minister of Agriculture, Fisheries and Water Resources of Oman, along with the chief executive officers of the companies implementing the projects.
Two contracts were signed to implement two shrimp farming projects in the Governorate of Al Sharqiyah South, according to the Oman News Agency. The first was signed with Local Fish Company, with an investment of OMR 20 million and a production capacity of up to 5,000 tonnes annually.
The second contract was signed with the Arabian Company for Aquatic Organisms Development, with an investment value of OMR 21.3 million, to produce 6,000 tonnes of shrimp annually.
The third project was signed in the Governorate of Al Wusta with Sea of Arabia for Aquaculture, at an investment cost of OMR 6 million and with a production capacity of up to 2,000 tonnes of shrimp annually.
In the Governorate of Muscat, the fourth project was signed in the field of finfish farming in the Wilayat of Quriyat with Marjan International Fish Company, with an investment exceeding OMR 3.8 million and an annual production capacity of 2,000 tonnes of European seabream.
Dr. Abdulaziz bin Said Al Marzouqi, Director General of Fisheries Resources Development at the Ministry, affirmed that the signing of these contracts comes as part of the Ministry’s efforts to promote investment in the aquaculture sector, support the food security system, and contribute to diversifying sources of income and enhancing the contribution of non-oil sectors to the national economy.
Al Marzouqi noted that these projects will contribute to increasing the production capacity of the aquaculture sector, creating job opportunities, and achieving sustainable added value in line with the economic development objectives of the Sultanate of Oman.