Saudi NEOM megacity project signs deal for largest fish farm in the region

SourceArab News
SectorAgriculture
CountrySaudi Arabia

LONDON: NEOM, the Saudi megacity development project, has signed an agreement with Tabuk Fish Company that includes plans for a fish farm with a production capacity of 70 million eggs. This would make it the biggest hatchery in the MENA region. The deal, signed in the presence of Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley, will expand local aquaculture production and apply a new generation of technologies. It also includes a focus on improving the productivity of local fish species in the Red Sea, which will contribute to efforts to achieve the Kingdom's goal of producing 600, 000 tons of fish products by 2030, and place the country at the forefront of countries that are pioneers in sustainable aquaculture.

Ali Al-Shaikhi, CEO of the National Fishery Development Program and director general of the General Directorate of Fisheries, said that with the involvement of a major company such as NEOM, the agreement marks a fundamental turning point for investment in...read more...