The Israeli RAS specialist signed the deal with a group of Russian investors in the presence of the governor of Vologda region, Oleg Kurshinikov, a contract was signed between AquaMaof and a group of local investors, €25 million project is expected to be completed by end of 2019.
David Hazut, CEO of AquaMaof, said: "We are extremely honoured to be selected by a group of esteemed local investors, after a thorough evaluation process, that carefully assessed several available RAS technologies."
"We take great proud in supporting our customers in their mission to offer fresh, healthy, locally-produced salmon to the local population, that today consumes mostly frozen imported fish," he added.
One of the investors, Alexander Churkin, said: "We are excited to embark on this unique project and confident in its success. We have recognized the immense need for locally-produced, high-quality fish, free of antibiotics and other substances. Through a meticulous due-diligence process we examined several companies that can provide a turn-key RAS project, for the grow-out of salmon, and chose AquaMaof for its extensive and proven experience in similar projects. I am certain that we will have a constructive, fruitful cooperation."
The new facility will include hatchery, nursery, and full grow-out areas, as well as management and operational zones.
"Commitment being a leading value, we will support our customers throughout the process, working closely with them to provide advice regarding nutrition, stocking, production parameters, and system maintenance. We will also train their staff to ensure complete independence in ongoing operations. This close support will continue long after the facility in operational, to ensure that the facility in not only producing high-quality healthy and tasty fish, but also succeeds financially and enables quick ROI (return on investment) to the investors," concludes Hazut.