Two agreements for shellfish, algae farming signed

Muscat: The Ministry of Agriculture, Fisheries and Water Resources and Fisheries Development Oman on Wednesday  signed in Muscat an agreement in the field of commercial aquaculture (breeding shellfish).

The project, which will come up in the Wilayat of Masirah in South A’Sharqiyah Governorate, has an investment value of OMR5 million.

The agreement was signed by Dr. Saud Hamoud Al Habsi, Minister of Agriculture, Fisheries and Water Resources, and Muneer Ali Al Muniri, Chairman of the Board of Directors of Fisheries Development Oman.

The project will be implemented by the Blue Waters Company, an affiliate of Fisheries Development Oman.

Net Zero Solutions (NTZ) Company also signed a memorandum of understanding (MoU) in the field of microalgae cultivation with Al Tharmad Business and Services Company and a Saudi firm named Al Khadra Gulf Industries company.