Muscat: The International Seafood Company – one of Fisheries Development Oman (FDO) subsidiaries, inked an agreement with a major local company to construct a complex for canning tuna, sardines and other seafood products to the tune of RO 14 million.
The complex will be built within the Fisheries Industries Zone (FIZ) in Duqm. The factory is designed in accordance with the highest international standards and food safety specifications. Its production capacity will reach 30,000 tonnes annually, subject to future expansion. The complex is scheduled for commercial production by 2024.
This project – which is one of the outputs of the Tanfeedh Program – is in line with Oman Vision 2040. It will contribute to economic diversification by maximizing returns from fisheries landing and localizing the value-added chain of fish products before exporting to global markets. The project will positively support Oman’s GDP through local supply chains, thus benefitting many Omani small and medium enterprises (SMEs). The project will also boost investment opportunities in the sector and will create many job opportunities.
The company will also, through its strategic plan launch an employment-related training programme to train skilled and specialize Omani workforce in all areas of the company’s operations.