Muscat: Musandam Global Investment Company SAOC (MGIC), a MSX-listed closed joint stock company and a key player in the region's investment landscape, has made significant strides with its subsidiary, Musandam Aquaculture Company SAOC. The company's ambitious project in the Wilayat of Khasab signals a new era of sustainable fish farming practices in the Oman. The successful landing of the first fish seed shipment at the Al Harf site on March 24 marked a pivotal moment for the marine farming project.
Raed al Shehhi, Chairman of MGIC said, "This endeavour, aimed at boosting fish production in Oman, is set to culminate in an expected harvest by the end of the year." With plans for a cage network system comprising 32 cages, the project is on track to establish Musandam Aquaculture Company as a major player in the aquaculture industry across the Middle East and North Africa.
"Moreover, the ongoing construction of a state-of-the-art services complex project in the fishing port of Khasab underscores the company's commitment to innovation and quality. This complex will house the first fish hatchery in Oman, showcasing a modern and world-class facility. Additionally, an ice factory, fish packing factory, research and development laboratory, as well as warehouses and logistical support services, are part of the comprehensive project blueprint," Al Shehhi added.
With a strategic focus on sustainable farming principles and adherence to high-quality standards, the aquaculture project in Musandam promises to offer a holistic approach to fish production. Through the deployment of floating cages in the Al Harf area, the company is spearheading a 3,500-tonne capacity project that aims to enhance fish production and support the national economy.
The collaborative efforts between Musandam Global Investment Company and foreign investors have laid the foundation for a groundbreaking venture in Oman's aquaculture landscape. The integrated marine fish farming project envisages an annual production exceeding 3,500 tonnes of fish, catering to both regional and international markets.
Emphasising environmental conservation and product quality, the project prioritises sustainable practices and undergoes external auditing to ensure compliance with the highest industry standards.
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