NEOM signs MoU to develop MENA's largest fish farm

The MOU has been signed between Saudi megaproject NEOM Company and Tabuk Fish Company

  
Fish farm. Image used for illustrative purpose.

Fish farm. Image used for illustrative purpose.

Getty Images

Saudi Arabia’s mega city project NEOM Company has signed an MoU to develop the region’s largest fish farm.

The memorandum of understanding with Tabuk Fish Company, an associate company of Jazan Energy and Development Company (JAZADCO), aims to expand local aquaculture production, and increase investments to reach production capacity of 70 million fry, according to a statement to the Saudi Stock Exchange (Tadawul).

Saudi Arabia has a goal to produce 600,000 tons of fish products by 2030. 

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

 imogen.lillywhite@refinitiv.com

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