Dhofar Fisheries plans $26m fish factory in Sezad
MUSCAT, January 3, 2019
The Special Economic Zone Authority in Duqm (Sezad) has signed an agreement with Dhofar Fisheries and Food Industries Company for land to develop a factory for fish packaging and caning.
The RO10-million ($26 million) project will also produce fish oil, said an Oman News Agency report.
The usufruct agreement was signed on behalf of Sezad by Yahya bin Said Al-Jabri, chairman of the Sezad, and Dhofar Fisheries and Food Industries Company chairman Mahdy Mohamed Hassan Hosny.
Sezad has allocated a plot of land at the Fishery Industries Zone in Duqm for this project.
The project will have a total annual production capacity of around 30,000 tons. It is anticipated to produce around 2 million cartons of sardine fish with a total marketing value of about RO11 million; about 500,000 carton of tuna with a value of RO7 million; and about 5000 tons of crushed fish with a total value of RO2.2 million.
The project is expected to come on stream in the second quarter of 2020, creating around 150 job opportunities, the report said.
