INVEST IN OMAN'S FISHERIES SECTOR

FDO was established as the Sultanate’s National Fisheries Company to develop sustainable commercial aquaculture and fishing sector in Oman

About Fdo

FDO was established as the Sultanate’s National Fisheries Company to develop sustainable commercial aquaculture and fishing sector in Oman

Fisheries Development of Oman (FDO) was established to develop sustainable commercial aquaculture and fishing sector in Oman through a joint commitment between Ministry of Agriculture and Fisheries Wealth and Oman Investment Authority (OIA). FDO is a pioneer investor in aquaculture, which acts as a catalytic initiator to develop large scale projects in the sector. First phase equity capital of OMR 30mn for investments in aquaculture and OMR 48mn for investments in fisheries allocated. FDO now have developed commercial fishing fleet, a marine fin-fish (grouper, beam, etc), shrimp & other crustaceans.

Oman Fisheries

Oman Fisheries Co SAOG is the largest fishing company in the Sultanate of Oman. We export our products to over 55 countries across the globe, providing them much more than just a wide range of whole round fish

Oceanic Shrimps Aquaculture

Oceanic Shrimp Aquaculture is FDO’s shellfish operating company. Currently the company is constructing two shrimp farms with annual capacity of 7.8k tpa, and in final stages of studies for a third farm with 24ktpa capacity. The farms will include maturation facility, hatchery, grow out ponds and basic processing.

International Seafood

International Sea food Company (ISFC) is FDO’s first value-add processing facility, with the first plan to produce canned tuna, sardine, mackerel, in addition to fish oil and fish meal. Construction of the facility to be completed in mid 2023, with a maturity output of 387,000 cans per day.

Driving sustainable commercial aquaculture and fishing in Oman

The fishing port and the fishing industries zone is considered one of the economic engines of the Special Economic Zone at Duqm, which will play a role in attracting local and international companies specialised in the fishing and its related industries. The investment also seeks to make the Duqm port a facility which targets environmentally friendly green energy projects.

Developing the infrastructure and superstructure to serve the port commercially is Marsa Al Duqm Investment Company. By doing so, the company aims to provide services to investors in the fisheries sector and fishermen from the local community.

The Stakeholders

Marsa Al Duqm Investment Company is a consortium led by a number of Oman Investment Authority businesses represented by Fisheries Development Oman (FDO), Asyad Ports, Al Wusta Fish Industries Company, the Omani Food Investment Holding Company and the French Port of Lorient Company, which is one of the largest ports hunting in Europe.

FDO was established to develop a sustainable commercial aquaculture and fishing sector in Oman through a joint commitment between the Ministry of Agriculture and Fisheries Wealth and Oman Investment Authority (OIA).

FDO is a pioneer investor in aquaculture, which acts as a catalytic initiator to develop large scale projects in the sector. The organisation has developed a commercial fishing fleet, a shellfish operating company and a value-added processing facility.

The Strategy

The strategy at the Port of Duqm will be implemented to enable local and international companies to develop the Oman fisheries sector and related activities. In addition, it will develop service and commercial facilities. This sector is considered one of the most promising sectors in

Oman and in the Special Economic Zone at Duqm (SEZAD) in particular.

The agreement aims to benefit from the infrastructure of the fishing port and support the re-export sector. In addition, it hopes to stimulate air freight traffic at Duqm Airport through export operations of fish products, and create added value to the fish wealth in the zone.

The Offering

The fishing port of Duqm is the largest commercial fishing port in Oman. With an area of approximately 7.5 square kilometres, it is suitably equipped to receive the largest international commercial fishing vessels.

The port consists of several facilities such as the main and secondary breakwaters, a 10 meter deep basin to serve commercial fishing ships, as well as a private berth for the Coast Guard Police. Its located near to a complex for fish industries and is supported by a network of paved roads which have been implemented to serve fish transportation vehicles.

Facilities have been allocated for the maintenance of commercial fishing ships, artisanal fishing ships, fishing factories, fish sale facilities, and a training centre for fishermen. The port also serves the fish industries area specialised in fish processing and canning.

The port will contribute to supporting and developing research and innovation, and the localisation of the value-added chain of fish products. FDO seeks to transform the port into a sustainable smart city in global supply chains.

"We are pleased to sign this agreement in cooperation with our partners to manage, develop and operate the largest fishing port in the Sultanate, which will be the central to supporting the fishing sector and its related industries. It also constitutes a suitable opportunity for attracting investment in the development of support sectors,” commented the FDO team.