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RO10m fisheries plant to come up in Duqm SEZ


Business Reporter -
Muscat, JAN 2 -
The Special Economic Zone Authority in Duqm (SEZAD) yesterday signed a usufruct agreement with Dhofar Fisheries and Food Industries Company for the construction of a fish packaging, canning and fish oil production plant in the SEZ with an investment of around RO 10 million.
The agreement was signed by Yahya bin Said al Jabri in his capacity as Chairman of the Board of Directors of SEZAD, with Mahdy Mohamed Hassan Hosny, Chairman of the Board of Dhofar Fisheries and Food Industries Company.
As per the agreement, SEZAD has earmarked a plot within the Fishery Industries Zone in Duqm for this project.
The Fishery Industries Zone will house a number of fish processing and related investments that will take advantage of Duqm’s proximity to the rich marine resources of the Wusta coast.
Furthermore, the project has been conceived with the scope of the Technical Cooperation Programme drawn up between SEZAD and the Oman Food Investment Holding Company Co (OFIC) which envisions a joint strategy to promote the fishery industries zone in Duqm.
Catering to all types of fish, the project will boast a processing capacity of 30,000 tonnes per annum. This capacity includes two million cans per annum of sardine of a total market value of RO 11 million, 500,000 cans per annum of tuna worth RO 7 million, 5,000 tonnes of fish meal worth RO 2.2 million, and 2,200 tonnes per annum of fish oil worth RO 1.1 million.
The factory is expected to come on stream in the second quarter of 2020. Around 150 new job opportunities will be created when it is operational.

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