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October 15, 2013

Oman

Inks Deal with Thailand

 

At Goal 2013, Hamed Said Al Oufi, Oman’s undersecretary of fisheries, said a Thai company has received a commercial license to develop a $70 million, joint venture, shrimp farming project with an Omani company.  Construction will start shortly.  The farm hopes to produce 3,000 metric tons of shrimp a year.

 

With a budget of $100 million, the Omani government provides 30% of the funds for new aquaculture projects and is willing to create hatcheries, feed mills and supporting industries.  Even though investors will only be putting up 70% of the cost of their projects, they will own 100% of the investment and receive a license to operate for 25 years.

 

Source: Undercurrent News [eight free news reads every month].  Editor, Tom Seaman (undercurrent@undercurrentnews.com).  Oman Inks JVs With Thailand, New Zealand to Build Two Aquaculture Sites.  Alicia Villegas (alicia.villegas@undercurrentnews.com).  October 14, 2013.

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