May 27 2012
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Oman seeking S Korean investment in fisheries
The government aims to provide a supportive environment for businesses to be established and operated in the sultanate, as it seeks to attract investments from companies with strong track records in fish processing, ports management and fish farming industries.
In this regard, H E Dr Fuad bin Ja'afar al Sajwani, Minister of Agriculture and Fisheries, met the Korean minister of food and agriculture Suh Kyu-yong and representatives of Korean companies on Friday and discussed investment opportunities between the sultanate and South Korea in the fisheries sector.
H E Sajwani added that the sultanate is searching for a strategic partner in the management of the fishing port in Duqm and its facilities.
He said, "The world will need 40mn tonnes of additional fish by 2025, which will drive the need to develop aquaculture."
© Muscat Daily 2012
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