In a significant move for the aquaculture industry in Oman, the Ministry of Agriculture, Fisheries and Water Resources and Fisheries Development Oman have signed an agreement to develop a commercial aquaculture project. The project will be located in the Wilayat of Masirah in South A’Sharqiyah Governorate and will involve an investment of OMR5 million. The agreement was signed by Dr. Saud Hamoud Al Habsi, Minister of Agriculture, Fisheries and Water Resources, and Muneer Ali Al Muniri, Chairman of the Board of Directors of Fisheries Development Oman.
The project will be implemented by the Blue Waters Company, a subsidiary of Fisheries Development Oman. This initiative aims to promote the development of sustainable aquaculture practices in the region, contributing to economic growth and job creation. Additionally, Net Zero Solutions (NTZ) Company signed a memorandum of understanding with Al Tharmad Business and Services Company and Al Khadra Gulf Industries company in the field of microalgae cultivation, further enhancing the scope of the project.
The aquaculture project in Masirah marks a significant step towards enhancing the fisheries industry in Oman. By leveraging modern technologies and sustainable practices, the project aims to boost production of shellfish in the region. This initiative is expected to create valuable employment opportunities for locals and contribute to the economic development of the area. The investment of OMR5 million reflects the commitment of the government towards supporting the growth of the aquaculture sector.
The signing of the agreement highlights the collaboration between government entities, private companies, and international partners in promoting sustainable aquaculture development. By partnering with companies like Net Zero Solutions and Al Khadra Gulf Industries, the project aims to leverage expertise and technology from various sources to enhance productivity and efficiency. This multi-faceted approach is crucial for the success of aquaculture projects in the region.
The memorandum of understanding signed in the field of microalgae cultivation further demonstrates the commitment of the stakeholders towards exploring innovative solutions for aquaculture development. Microalgae cultivation has the potential to enhance feed production for aquaculture and contribute to the sustainability of the industry. By collaborating with companies like Al Khadra Gulf Industries, Oman can tap into international expertise and best practices in this field.
Overall, the commercial aquaculture project in Masirah holds great promise for the fisheries industry in Oman. Through strategic partnerships, modern technologies, and sustainable practices, the project aims to drive growth and innovation in the sector. The investment of OMR5 million underscores the government’s commitment to supporting aquaculture development and fostering economic prosperity in the region. With the signing of agreements and memorandums of understanding, the project is set to benefit from a multi-faceted approach towards achieving its objectives.
