Oman Business: Gulf Japan Food Fund invests in Oman Fisheries – Gulf Digital News

Oman Business: Gulf Japan Food Fund invests in Oman Fisheries – Gulf Digital News

Gulf Japan Food Fund (GJFF), an international private equity fund focused on the food and beverage industry, has invested in Oman Fisheries Co SAOG, one of the largest fisheries companies in Oman.

Through this transaction, GJFF, and backed by prominent Japanese institutions including Mizuho Bank and The Norinchukin Bank of Japan as well as sovereign investors in the GCC, and Mizuho Gulf Capital Partners (MGCP), GJFF’s Investment Manager, will provide support and assistance on various initiatives to achieve the long-term success and growth of Oman Fisheries and enhance capability and expansion of Oman’s fisheries sector.

Hitoshi Sugawara, CEO & Co-CIO of Mizuho Gulf Capital Partners said: “Through this investment, we continue to strengthen our footprint in Oman, which we believe exhibits high potential, in particular its fisheries sector. We look forward to working closely with Oman Fisheries’ board and management team in expanding to new markets and increasing customer base, in adding value to its products and in supporting the management to restart its commercial fishing operations, in a manner that is sustainable and profitable.”

Expanding footprint

Haitham Al Fannah, Chairman of Oman Fisheries said: “I am excited about this partnership which aims to take Oman Fisheries’ capability to the next level and expand