ShapeShapeauthorShapechevroncrossShapeShapeShapeGrouphamburgerhomeGroupmagnifyShapeShapeShaperssShape

Sponsor message

Are you trying to break into aquaculture industry or already working in the field and looking to gain additional expertise for career development?

Saudi Firm Invests US$300 Million in Aquaculture

by 5m Editor
11 March 2009, at 12:00am

SAUDI ARABIA - Saudi Arabian investors are reportedly planning to pump large sums into developing aquaculture projects not only in the region, but in depressed areas of Asia and Africa.

The Saudi-based National Prawn Company (NPC) intends an initial investment of USD 300 million (Dh1.1 billion) to start large-scale fish production in Saudi Arabia and other Gulf countries, says the latest edition of Hatchery International.

The aim, says the report, is to farm kingfish, cobia, barramundi, mahi mahi and milkfish with aquaculture installations on waste coastal desert land. “We’re looking at fish farming in various GCC countries” the company is reported as saying.

“There are a lot of opportunities to develop unused desert land in coastal areas in the region. We are also looking at viable projects in African countries which have deserts adjoining coastal regions.”

5m Editor

Sponsor message

UMass Sustainable Aquaculture Online Courses

Aquaculture is an increasingly important source of safe, nutritious, and sustainable seafood for people worldwide. Globally, aquaculture production must double by 2030 to keep pace with demand. These increases in demand for aquaculture products, food security considerations, and job creation have generated an increased need for skilled workers.

Discover how you can be part of this rapidly expanding industry.