BUSINESS

Bahrain's Inovest Plans $27 Mln Local Fish Farming JV - Report

Bahrain's Inovest plans to launch a local fish farming project at a total cost ranging between $25 million and $27 million and with a production capacity of 880 tons a year, Manama-based Al Wasat reports Thursday, citing an executive.

Zawya Dow Jones News

January 26, 2012

Thursday, Jan 26, 2012

BEIRUT (Zawya Dow Jones)--Bahrain's Inovest plans to launch a local fish farming project at a total cost ranging between $25 million and $27 million and with a production capacity of 880 tons a year, Manama-based Al Wasat reports Thursday, citing an executive.

The project will be implemented in partnership with a company that has know-how in fish farming, Ahmad Al Qattan, Inovest's managing director and deputy chairman, said, according to the paper.

Inovest is now carrying out a study about the project that will cover an area of 20,000 square meters in Bahrain Investment Wharf, the daily cites him as saying.

Newspaper website: http://www.alwasatnews.com/3428/news/read/624160/1.html

-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com

(END) Dow Jones Newswires

26-01-12 1007GMT