17/08/2017 06:20 AST

Oman’s Ministry of Agriculture and Fisheries is currently evaluating a raft of proposals for developing major aquaculture ventures in the Sultanate. The projects, entailing investments totalling in excess of $2 billion, promise to ignite the growth of a strong economic sector centring on fish and shrimp farming, according to a senior Ministry official.

Dawood al Yahyai (pictured), Director of Aquaculture Development at the Ministry, said as many as 24 applications linked to the implementation of large-scale aquaculture projects are presently being reviewed by authorities.

“Of this total, six proposals have been approved with their execution likely to commence before the end of this year,” the official said. “The remaining 18 are at different stages of evaluation, with the promoters either undertaking the Environmental Impact Assessment, feasibility study, and other requisite groundwork. On the part of the government, the focus is on allocating and approving suitable sites either on land or in our coastal waters for these projects. To all intents, the approval process is on track.”

The official made the comments at a forum on aquaculture organised by Ithraa, Oman’s inward investment and export development agency, at the Public Authority for Civil Aviation Training Centre in Al Hail North on Tuesday.

Taking part in the discussion were Andreas Ntatsopoulos, COO, Oman Aquaculture Development Company; Dawood al Yahyai, Director, Aquaculture Development, Ministry of Agriculture and Fisheries; Rumaitha al Busaidi, Aquaculture Specialist, Al Hosn Investment Company; and aquaculture veteran Michael Katz, CEO, Oman Aqua Science. The forum was moderated Dr Younis al Akhzami, CEO, Public Authority for Manpower Registry.

Earlier, Al Yahyai said the Ministry’s 30-year master-plan for aquaculture development targets an output of around 200,000 metric tonnes per annum of farmed fish by the year 2040, alongside the creation of some 11,000 jobs for Omanis.

However, going by the robust investment interest garnered thus far in the sector, Oman is likely to achieve a production of 290,000 metric tonnes of farmed fish by 2030, surpassing targets envisioned in the master-plan. Types of fish identified for intensive farming in the Sultanate include shrimp, sea bream, sea bass, grouper, abalone and seaweed, among other species, he said.

Later in comments to the Observer, Al Yahyai said the large majority of the 24 aquaculture proposals being weighed for approval are land-based ventures, while the rest will be located in Oman’s inshore waters.

Giving details about the geographical distribution of the projects, he said: “The different coastal regions of Oman are suited for different kinds of fish farming. For example, the coastal waters of Musandam Governorate are ideal for cage-based aquaculture. The Batinah coast all the way to Muscat is also suitable for cage-based farming, simply because there is just no land available along the coast for any land-based projects.

Further south from Sur to Salalah, the coastal stretch is ideal for land-based ventures involving shrimp farming and so on. As the seas can be rough along the stretch during the monsoon, cage-based projects are not an option. Salalah, in particular, is also perfect for abalone farming.”

Oman Daily Observer

Ticker Price Volume
QNBK 124.80 275,932
SABIC 100.01 2,889,924
TAWUNIYA 92.21 115,275
ALINMA 17.73 19,061,890
EEC 17.21 992,484
ALMARAI 70.11 661,940
WALAA 26.57 54,241
Chamber, Qatari-Russian Business Council look to boost ties


Qatar Chamber vice chairman Mohamed bin Towar al-Kuwari and officials from the Qatari-Russian Business Council review cooperation ties between Qatar and Russia during a meeting held yesterday. The Ch

Gulf Times

Qatari & Danish firms to expand cooperation


Qatar Chamber (QC) yesterday hosted a meeting of leading Qatari businessmen with the members of the Danish business mission. Both sides exchanged ideas to expand and deepen bilateral cooperation.

The Peninsula

Rush to beat VAT rollout starts now for UAE car buyers


For prospective car buyers in the UAE, now is not the time to buckle up. They ought to make that run to dealer showrooms and make a decision on their next — or first — choice of wheels. The next thr


Singapore firm to set up $600m deep-water terminal in SOHAR


In anticipation of the significant growth in petroleum trading in the GCC region, as well as growing demand for bunker services, Singapore-based Trescorp is to launch a new 45-hectare terminal in SO

Oman Daily Observer

Abu Dhabi emerges major hub for marine tourism


The inauguration of two new cruise lines, ‘Norwegian Cruise Line’ and ‘Thomson Cruises,’ in Dubai recently has been listed as one of the factors reinforcing the emirate in particular and the country’

The Gulf Today