Fisheries Development Oman (FDO), a wholly owned subsidiary of Oman Investment Authority (OIA), has signed a memorandum of understanding (MoU) with Singapore-based aquaculture solutions provider Blue Aqua International in order to deploy shrimp farming technology across the Sultanate’s aquaculture sites.
As part of the MoU, Blue Aqua will develop and expand the aquaculture sector in the Sultanate of Oman starting with a project in the city of Shinas. The agreement formalizes the mutual interaction and strengthens the existing relationship between Blue Aqua and FDO.
Furthermore, the collaboration will tap on Blue Aqua’s expertise in shrimp farming technology for technical assistance on FDO’s existing shrimp farming operations across Oman.
Mr. Nabil Salim al Bimani, Group Chief Executive Officer of FDO said that, “With a vision ‘to be a world-class leader for growth and driving a sustainable fisheries future’, we are pleased to collaborate with Blue Aqua International to transfer the best practices in aquaculture and its technology for enabling the growth of this business and attracting investment. This MoU with no doubt will open up a great opportunity to flourish the aquaculture in Oman.”
Blue Aqua currently operates Singapore’s largest land-based shrimp farm using its patented green technology for urban farming, contributing to Singapore’s “30 by 30” food security goal.
“We look forward to solidifying our efforts in sustainable aquaculture technology with the project in Oman. With FDO’s support, I believe we will be able to build a successful and sustainable model for urban farming globally,” commented Dr. Farshad Shishehchian, CEO and founder of Blue Aqua International.