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Oman Teams Up with AquaBioTech to Drive Aquaculture Expansion
AquacultureMiddleeast

Oman Teams Up with AquaBioTech to Drive Aquaculture Expansion

by Fishery News 15/10/2024
written by Fishery News

Oman is taking decisive steps to elevate its aquaculture industry by engaging AquaBioTech Group as an advisory partner. The collaboration seeks to harness Oman’s marine resources efficiently and foster sustainable practices that will solidify the nation’s position in global seafood markets.

Backed by $1.2 billion in government funding, FDO’s mandate extends across a variety of aquaculture and marine biotechnology projects. Among its flagship initiatives are collaborations with Blue Waters LLC on sea bream cage farming, semi-intensive shrimp cultivation in Al Sharqiyah South, and the development of a new fishing port in Duqm.

FDO’s investment strategy also includes exploring a range of future projects. These cover aquafeed production, mussel and abalone farming, sea cucumber cultivation, and microalgae production. Additional areas of interest involve coral and ornamental fish propagation, broodstock development for fish and shrimp, algae farming, and even bioprospecting for marine bioactive compounds.

Ambitious plans for land-based recirculating aquaculture systems (RAS) are also on the horizon, targeting species such as salmon, seabass, and grouper. Tuna ranching and seriola farming are likewise being considered as Oman looks to diversify its marine industries.

Commenting on the partnership, FDO’s representative emphasized the importance of fisheries to Oman’s economy, noting: “Our strategic investments and initiatives aim to elevate Oman’s presence in the international seafood market while tapping into the vast potential for aquaculture growth.”

Shane Hunter, CEO of AquaBioTech Group, expressed confidence in the collaboration, adding: “FDO’s vision for Oman’s aquaculture sector is ambitious yet achievable. We are committed to working closely with them to turn these goals into reality.”

With this partnership, Oman aims to accelerate sustainable aquaculture practices, boost marine production, and generate new economic opportunities, all while ensuring long-term ecological balance.

 

15/10/2024 0 comment
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