Food Security - Fishery- Abalone Farming (Sharbathat)
Sector
Ministry of Agriculture, Fisheries and Water Resources
Location
Capital Investment
10,000,000 OMR
Internal Rate of Return
13.0%
Payback Period
10 Years
Implementation Duration
0.0 Years
Description
An abalone farm located in Dhofar aiming to increase the Sultanates production in fisheries. The project targets regional markets (U.A.E and Saudi Arabia) where an increase in demand for fresh high quality abalone is needed. The project aims to achieve sustainable prices, while implementing environmentally friendly practices and achieve internationally recognized certifications.