September 1, 2008

 

Yemen to work on US$20 million fish farming project with Japanese firm

 
 

Yemen's Ministry of the Fisheries Wealth and Japanese Sojitz Corporation signed on Saturday (August 30, 2008) a memorandum of understating on a fish-farming project that is estimated to be worth US$20 million.

 

The objective is to develop the country's fisheries through the launching of several activities to increase fish exports. The activities, besides fish-farming, also includes tuna fattening.

 

The memo was signed by the Minister of Fisheries Wealth Mohammed Shamlan and director of the Japanese cooperation in Middle East and North Africa.

 

Shamlan said that his ministry would offer all facilities for the company to do studies on the project.

 

Khaled al-Shamsi, assistant deputy minister of fisheries wealth said that the experiment of fattening tuna is the first of its kind in Yemen and the region in general, adding that training courses would be organized to specialists on preparing the study of the project.

 

Yemen's fish products revenues increased during the first half of this year to US$120 million from US$101 million during the corresponding period last year, a growth rate of 18.3 percent, according to the Minister of Fishery Wealth, Mohammed Shamlan.

 
Fish exports during the same period grew 36 percent to 53,829 tonnes compared to 39,456 tonnes a year earlier.
 
The Minister attributed the reasons of this boost to rising demand for Yemeni fish products regionally and globally in addition to declining fish quantities from fishing activities around the world.