Saudi Arabia leads investment in Gulf aquaculture sector

Investment in the Gulf’s aquaculture industry is being lead by Saudi Arabia and Oman. Because of the regions increased fish consumption this gives investors a big opportunity to capitalize on the fastest growing seafood processing sector. In December 2013, the Saudi Arabian Ministry of Agriculture said it would inject an additional US$10.6 (€7.773) billion into aquaculture projects to produce one million tons of fish in the next 16 years, while Oman, which has long been at the forefront of aquaculture in the Gulf region, announced that it plans to invest US$1.3 (€0.953) billion in fisheries development up to 2020, they said.

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