The Ministry of Agriculture and Fisheries on Tuesday will sign with Falcon Tourism Investment Company the investment contract for the development of the fishing port in the Wilayat of Barka under the auspices of Darwish bin Ismaeel al Balushi, Minister Responsible for Financial Affairs. The project provides basic services for the fisheries sector and other investment and commercial services that attract investment in the port. The project comes after the recent completion of marine construction works and infrastructure development at the port, which were implemented by the Ministry of Agriculture and Fisheries.
The government is seeking a partnership with the private sector in the implementation of important strategic projects. The Ministry of Agriculture and Fisheries launched a public bid to invest the fishing port in the Wilayat of Barka in order to allow the private sector to invest and develop the port and its management and operation, ice factories, packing and processing plants, fish workshops, maintenance workshops, boats, restrooms and fishermen stores.
Investment activities include a five-star hotel, restaurants, cafes, marinas, boat docks, dive clubs, excursions and various marine activities, ensuring that the standards and technical conditions adopted worldwide are implemented in the implementation of such projects. The agreement is the culmination of the plan of the Ministry of Agriculture and Fisheries to build an economic management and operation system for fishing ports based on the application of best practices of investment with economic return. — ONA