July 29, 2022
Blue Aqua signs MoU to deploy shrimp farming tech in Oman
Singapore's Blue Aqua International has penned a memorandum of understanding with Fisheries Development Oman (FDO) to deploy Blue Aqua's shrimp farming tech across Oman's aquaculture sites.
The company will start with a project in the city of Shinas.
The MoU formalises mutual interaction and strengthens the existing relationship between Blue Aqua and FDO. The collaboration will tap on Blue Aqua's expertise in shrimp farming technology for technical assistance on FDO's existing shrimp farming operations across Oman.
FDO was established as a joint commitment between Oman's Ministry of Agriculture, Fisheries and Water Recourses and Oman Investment Authority (OIA) to develop a sustainable commercial aquaculture and fishing sector in the country.
"With a vision "to be a world-class leader for growth and driving a sustainable fisheries future", we are pleased to collaborate with Blue Aqua International to transfer the best practices in aquaculture and its technology for enabling the growth of this business and attracting investment," said said Nabil Salim al Bimani, group chief executive officer of FDO. "This MoU with no doubt will open up a great opportunity to flourish the aquaculture in Oman."
FDO will also review an investment offering into Blue Aqua, aligning with its plans to invest in Oman's aquaculture and fisheries sector.
Dr. Farshad Shishehchian, chief executive officer and founder of Blue Aqua International, said: "We look forward to solidifying our efforts in sustainable aquaculture technology with the project in Oman. With FDO's support, I believe we will be able to build a successful and sustainable model for urban farming globally."
- The Fish Site