The government of Oman has announced it plans to invest $1.6 billion over the next seven years into the development of the infrastructure related to the fisheries industry with the goal of doubling the sector’s contribution to the country’s gross domestic product (GDP). The investment will be in addition to the $259 million budgeted toward fisheries in the country’s current fiscal plan. The aim is to increase production from today’s 200,000 tons per year to 480,000 tons per year. The investment plan consists of four objectives: development of fishery ports, the fishing fleet, and fish markets, development of exports and overseas markets, improvement of processing and value-added activities, and the growth of the aquaculture industry. The plan is also designed to provide strong support for private investment in the industry. To read further about these opportunities:
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