The Ministry of Agriculture, Fisheries and Water Resources of Oman signed an investment agreement with Al-Sawari International Company for the implementation of an integrated project in the field of fishing, processing, and packaging of tuna and squid in the Duqm fisheries industrial area. The investment value of this project is estimated at approximately 5 million and 430 thousand Omani Rials.
Strengthening Fisheries Industries and Food Security
The signing of this agreement is part of the ministry's efforts to strengthen fisheries industries, increase the added value of seafood products, and support the country's food security objectives. This agreement particularly aims to attract quality investments to the Duqm fisheries industrial area, which will contribute to economic development and the provision of high-value seafood products.
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Project Details and Its Impacts
This project includes the establishment of a factory for the processing and packaging of tuna and squid, along with a specialized production line for squid products. This initiative will optimize the use of local fisheries resources and support the expansion of manufacturing industries related to the fisheries sector.
The signing of this agreement reflects the ministry's approach to attracting quality investments to the Duqm fisheries industrial area. This project is expected to contribute to fisheries value chains and increase the share of fisheries industries in the national economy, aligning with sustainable development goals and diversifying the production base.
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