In order to boost foreign investment in Oman’s burgeoning fisheries industry, His Excellency Dr Fuad bin Ja’afar al Sajwani, Minister of Agriculture and Fisheries met with the South Korean Minister of Food and Agriculture Suh Kyu-yong along with representatives from several South Korean companies.
Last Friday’s meeting is part of an overall effort by the Sultanate’s government to attract international companies into Oman to develop the fisheries industry by providing a supportive climate for businesses to take hold in Oman, especially those with previous success in processing, ports-of-entry management and fish farming industries, such as South Korea.
Sajwani said that, "The meeting discussed promotion of relations between the two countries in the fisheries sector through reviewing available investment opportunities and facilities provided to investors in this field, especially in the new fishing port in Duqm and other establishments in industrial zones."
His Excellency Dr Hamed bin Said al Awfi, the undersecretary of fisheries said that the development of “aquaculture” is a key ingredient in diversifying the Omani economy away from its present enormous dependence on oil and gas.
Awfi said that, "The world will need 40 million tons of additional fish by 2025, which will drive the need to develop aquaculture."