Muscat:The Ministry of Agriculture, Fisheries and Water Resources has entered into four investment agreements valued at RO 13.39 million, aimed at advancing the fisheries industry. These agreements focus on specialized projects in commercial and coastal fishing, along with fish processing, canning, and the recycling of fishing nets.
According to Oman News Agency, the Ministry's initiative is a strategic move to bolster the fisheries sector as a vital economic component. The agreements are designed to broaden investment opportunities, increase the value-added of fisheries resources, and foster the growth of downstream industries.
The projects are aligned with supporting the food security strategy and aim to amplify the sector's role in economic diversification and sustainable development. The agreements were formalized by Eng. Yaqoub Khalfan Al Busaidi, the Undersecretary of the Ministry of Agriculture, Fisheries and Water Resources for Fisheries.
