Agriculture and Fisheries
COMPETITIVE ADVANTAGES Targeted investment, easing of regulation and the integration of SMEs is all helping to increase sustainability and food security goals in Oman T he fishing sector is on course to produce 100,000 tons from aquaculture farms by 2023, with a target of 200,000 tons of fish by 2040, making a contribution of
Agriculture Agricultural modernisation and rural farm development are key pillars of the Ministry of Agriculture, Fisheries and Water Resources’ Sustainable Development 2040 Strategy, part of the Oman Vision 2040. The Oman Food Investment Holding Company (OFIC) remit is to develop, invest in and implement programmes aimed at boosting farm production and food processing. This includes increasing exports of dates, honey, fruits and vegetables, dairy, eggs and red meat. Projects include dairy processing plants, poultry and red meat. The private sector plays a key role, working with international investors in projects such as the Oman Flour Mill’s egg production facility. Predicted investment opportunities in the sector are USD 320.5 million. Conference The 4th Oman AgroFood Exhibition and Conference, Oman Convention & Exhibition Centre. This important annual gathering will bring together key government decision-makers, international thought-leaders, regional trail-blazers and innovative technology and solution providers.
USD 500-900 million to the economy and adding 11,000 jobs by 2040 (World Bank 2015). Around 80 per cent of growth is through the private sector, including foreign investment (MOAF). Oman has significant competitive advantages in fisheries and aquaculture investment and development: • 3,165 km of pristine coastline abundant with sea life, including international large tuna resources • A shallow continental shelf (10-20km in places) offering easy access to cold water for land-based aquaculture
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Large pool of experienced fishermen and young and skilled workforce Neighbouring huge and growing markets for seafood with a well-developed air and ocean transport infrastructure
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Projects, research and development include: • Shrimp farms • A 300,000-sqm aquaculture project producing abalone and hamour • White prawn, tilapia and barramundi production • The New Duqm Fisheries Industrial Zone, worth USD 250 million, to farm 1,500 tons of grouper and 1,000 tons of sea cucumber
“With a coastline over 3,000 km long along three seas, Oman offers great potential for investment in the fisheries sector. We are keen to attract investment to sustain and increase our food production in the coming years, to increase employment and the diversification of our national economy.” H.E. Dr. Saoud Hamoud Ahmed Al-Habsi, Minister of of Agriculture, Fisheries and Water Resources
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Abalone aquaculture aiming to develop novel hatchery technologies
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