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Saudi Arabia plans to produce 600,000 tons of fish a year, generating around 200,000 direct and indirect jobs in the fisheries sector, under its Vision 2030 master plan to diversify the economy. The National Fisheries Development Program, founded in 2015, is tasked with this growth and hopes to attract $5 billion of investment from the private sector up until the end of the
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RIYADH: State-owned NEOM and The Red Sea Development Co. are spearheading the Saudi government’s efforts to boost the yields of the aquaculture sector fivefold by 2030 in coordination with other key private players. The sector is expected to get a boost in the short-to-medium term through various projects to increase production to 600,000 tons per year, the deputy minister for
SHARE Saudi Arabia's megacity project Neom and Tabuk Fish Company signed an agreement to develop the Middle East and North Africa's biggest fish farm as the kingdom diversifies its economy. The agreement aims to expand local aquaculture production and apply the latest fish farming technologies in the futuristic Neom city, the state-run Saudi Press Agency said in a statement on Tuesday. "The capacity and innovative nature of the hatchery, combined with top-notch technologies, will help position Saudi Arabia at the forefront of sustainable marine aquaculture," Nadhmi Al-Nasr, chief executive ...
The hatchery will operate with a capacity of 70 million fingerlings by Zainab Mansoor April 7, 2021 The NEOM Company and Tabuk Fish Company signed a Memorandum of Understanding to develop a fish farm to promote the aquaculture industry in the region, both within artificial lakes and natural waters. The MoU also aimed to apply a new generation of aquaculture technologies in the NEOM region, and to establish a solid infrastructure in the kingdom. The hatchery will operate with a capacity of 70 million fingerlings, which makes it the largest in the Middle East and North Africa region. I...