Post by account_disabled on Feb 18, 2024 22:29:12 GMT -6
What is Oman's fishing industry like?
The Sultanate of Oman is rich in many ways and the maritime sector is no exception. Located in a strategic enclave of the Middle East that connects Africa, Europe and the Far East, Oman has a coastline of 3,165 kilometers, two characteristics for the growth of Oman's fishing industry.
In terms of fishing , Oman's strategic location provides access to both the Oman Sea and the Arabian Sea, offering a wide variety of pelagic and demersal fish species.
In the field of aquaculture, the country's various native species and its extensive geography are great advantages. While the aquaculture sector experienced gradual growth, it began to flourish exponentially in 2016 with the support of the Tanfeedh programme, overseen by Oman's Vision 2040 Implementation Monitoring Unit (ISFU). This program identifies priority sectors and specific objectives, drawing the attention of investors to Oman's aquaculture potential.
An economic and geopolitical situation that marked a before and after
However, not only its characteristics favored the sector, but also the economic and geopolitical situation helped the exponential proliferation of Oman's fishing industry. After the 2014 oil crisis, which caused so Special Data me instability due to high prices in the country, Oman embarked on a journey to expand its economic horizons by venturing into the field of fishing and aquaculture.
Thus, with such successful characteristics for the industry, there was no doubt that this was a sector to bet on. Thus began the horizon of the Ministry of Agriculture and Fisheries of Oman, whose overall vision is that of a sustainable, competitive and environmentally friendly fishing sector that can satisfy customer needs with high-quality aquaculture products.
With the promising attributes of the industry, it was evident that seafood was a sector worth investing in. This realization marked the beginning of Oman's Ministry of Agriculture and Fisheries, whose global vision encompasses a fishing sector that is not only sustainable and competitive but also environmentally friendly. Its objective is to satisfy the most demanding needs of customers by offering them high quality aquaculture products.
The creation of Oman Fisheries Development to boost potential
At that time, the institution known as FDO, short for “Fisheries Development of Oman”, was created . FDO was created to promote the cause of sustainable fishing and aquaculture in the country. The founding partners of FDO were the Oman Investment Fund (OIF), the Oman Sovereign Wealth Fund, in collaboration with the Ministry of Agriculture and Fisheries (MAFWW) and the Ministry of Fisheries Wealth (MAFW). Together, they invested OMR 30 million (EUR 70.72 million/USD 77.93 million) in aquaculture and OMR 48 million (EUR 113.13 million/USD 124.68 million) in fisheries to promote sustainable.
In a recent interview, Dr. Issa bin Mohammed al Farsi, Director of Aquaculture Development at the Ministry of Agriculture and Fisheries Resources (MAFWR), shed light on the promising future that awaits the country. Regarding aquaculture, he presented impressive growth figures, pointing out an increase of 90% in 2022 compared to 2021. He also highlighted the existence of 12 planned projects in the country. In terms of fishing, it has contributed significantly to the country's economy, representing 2.4% of its GDP.
More about Omani aquaculture
There are two interesting projects underway: Marine Fin Fish Cage Farms and Al Bustan Marine Fin Fish Hatchery.
The Marine Fin Fish Cage Farms project is a bold initiative aimed at transforming marine aquaculture. It has large offshore cages primarily for bream, with future expansion plans for species such as sea bass and barramundi. Covering an extensive designated area, Blue Waters is committed to spearheading the growth of aquaculture in Oman. Its investment focuses on state-of-the-art processing facilities, offshore fish farming and the establishment of complementary industries, including hatcheries and fish feed factories.
The Al Bustan marine hatchery focuses on the production of high-quality juvenile sea bream in a biosecure environment for Oman's marine cage projects. This initiative aims to accelerate the creation of independent hatcheries connected to sea cages by developing strains throughout the year. Additionally, specialized breeding techniques are being developed for Oman's native aquatic species, which will ultimately improve marine fish production in the country.
FAO is currently also conducting research on other species. These include the breeding and production of yellowfin grouper, golden trevally, sea cucumber and Oman abalone. The goal is to develop technology and share knowledge about the controlled propagation of these four native species.
The article concludes with a preview of the next episode, which will delve into Oman's fisheries in more detail.
The Sultanate of Oman is rich in many ways and the maritime sector is no exception. Located in a strategic enclave of the Middle East that connects Africa, Europe and the Far East, Oman has a coastline of 3,165 kilometers, two characteristics for the growth of Oman's fishing industry.
In terms of fishing , Oman's strategic location provides access to both the Oman Sea and the Arabian Sea, offering a wide variety of pelagic and demersal fish species.
In the field of aquaculture, the country's various native species and its extensive geography are great advantages. While the aquaculture sector experienced gradual growth, it began to flourish exponentially in 2016 with the support of the Tanfeedh programme, overseen by Oman's Vision 2040 Implementation Monitoring Unit (ISFU). This program identifies priority sectors and specific objectives, drawing the attention of investors to Oman's aquaculture potential.
An economic and geopolitical situation that marked a before and after
However, not only its characteristics favored the sector, but also the economic and geopolitical situation helped the exponential proliferation of Oman's fishing industry. After the 2014 oil crisis, which caused so Special Data me instability due to high prices in the country, Oman embarked on a journey to expand its economic horizons by venturing into the field of fishing and aquaculture.
Thus, with such successful characteristics for the industry, there was no doubt that this was a sector to bet on. Thus began the horizon of the Ministry of Agriculture and Fisheries of Oman, whose overall vision is that of a sustainable, competitive and environmentally friendly fishing sector that can satisfy customer needs with high-quality aquaculture products.
With the promising attributes of the industry, it was evident that seafood was a sector worth investing in. This realization marked the beginning of Oman's Ministry of Agriculture and Fisheries, whose global vision encompasses a fishing sector that is not only sustainable and competitive but also environmentally friendly. Its objective is to satisfy the most demanding needs of customers by offering them high quality aquaculture products.
The creation of Oman Fisheries Development to boost potential
At that time, the institution known as FDO, short for “Fisheries Development of Oman”, was created . FDO was created to promote the cause of sustainable fishing and aquaculture in the country. The founding partners of FDO were the Oman Investment Fund (OIF), the Oman Sovereign Wealth Fund, in collaboration with the Ministry of Agriculture and Fisheries (MAFWW) and the Ministry of Fisheries Wealth (MAFW). Together, they invested OMR 30 million (EUR 70.72 million/USD 77.93 million) in aquaculture and OMR 48 million (EUR 113.13 million/USD 124.68 million) in fisheries to promote sustainable.
In a recent interview, Dr. Issa bin Mohammed al Farsi, Director of Aquaculture Development at the Ministry of Agriculture and Fisheries Resources (MAFWR), shed light on the promising future that awaits the country. Regarding aquaculture, he presented impressive growth figures, pointing out an increase of 90% in 2022 compared to 2021. He also highlighted the existence of 12 planned projects in the country. In terms of fishing, it has contributed significantly to the country's economy, representing 2.4% of its GDP.
More about Omani aquaculture
There are two interesting projects underway: Marine Fin Fish Cage Farms and Al Bustan Marine Fin Fish Hatchery.
The Marine Fin Fish Cage Farms project is a bold initiative aimed at transforming marine aquaculture. It has large offshore cages primarily for bream, with future expansion plans for species such as sea bass and barramundi. Covering an extensive designated area, Blue Waters is committed to spearheading the growth of aquaculture in Oman. Its investment focuses on state-of-the-art processing facilities, offshore fish farming and the establishment of complementary industries, including hatcheries and fish feed factories.
The Al Bustan marine hatchery focuses on the production of high-quality juvenile sea bream in a biosecure environment for Oman's marine cage projects. This initiative aims to accelerate the creation of independent hatcheries connected to sea cages by developing strains throughout the year. Additionally, specialized breeding techniques are being developed for Oman's native aquatic species, which will ultimately improve marine fish production in the country.
FAO is currently also conducting research on other species. These include the breeding and production of yellowfin grouper, golden trevally, sea cucumber and Oman abalone. The goal is to develop technology and share knowledge about the controlled propagation of these four native species.
The article concludes with a preview of the next episode, which will delve into Oman's fisheries in more detail.