Muscat, The Ministry of Agriculture and Fisheries today unveiled the details of launching the commercial and coastal fleet and the advanced boats as part of the fisheries labs initiatives ‘ Tanfeedh’.

Dr. Hamad bin Said al- Oufi, Undersecretary of the Ministry of Agriculture and Fisheries said in a press conference that was held at the Ministry’s HQs’ today that the fisheries sector is one of the important economic sectors in the Sultanate due to the great potentials it has. He added that the fish production in 2017 stood at 348,000 tons, 24% growth compared to 2016. The value of production also increased to RO227 million in 2017; a growth by 12% compared to 2016.

He affirmed that 90 investment projects and initiatives have approved.

He noted that the estimated private sector investments at these initiatives will hopefully reach about RO1 billion in 2023. The Ministry targets increasing fish production to 1.3 million tons in 2023. The fisheries sector is expected to contribute to GDP by RO740 million and to create 4000 direct jobs by 2023. The private sector will contribute 93% of the investments at these initiatives.

‘ As for the second program, the coastal fishing fleet, the Ministry has developed a plan for coastal fishing sector. The plan included revising the coastal fishing legislations and amending the procedures for processing the applications for coastal fishing ships licenses, he added.

” The third program ‘ the commercial fishing fleet’, is the fishing using modern commercial fishing ships that are provided with modern fishing equipment and tools that help the vessel stay at the sea for longer periods, he continued.

” The Ministry of Agriculture and Fisheries seeks to increase fish production by 62,000 tons of high quality fish, in addition to the existing fishing fleet thus activating the value added industries and providing direct & indirect jobs for Omanis.

Source: Oman News Agency