BlueBRIDGE was present at the forum on “Aquaculture Investment Opportunities in Saudi Arabia” Aquaculture Trade Exhibition and Technical Seminar on Aquaculture Technologies which took place in Yanbu, Saudi Arabia,  27–28 January 2016. Kostas Seferis, i2s SA, presented how BlueBRIDGE can increase the competitiveness of aquaculture business and make aquafarming SMEs more environmentally friendly.

Download the presentation here!

Aquaculture in the Kingdom of Saudi Arabia is considered a very promising sector for food production, food security, and employment opportunities. The Government of Saudi Arabia has embarked on an ambitious reform programme to encourage greater participation by the private sector in a more open and competitive economy; the country’s Fisheries and Aquaculture Sector Development Plan has set an annual production target of 1 million tonnes by 2030, starting from current levels of less than 30 000 tonnes per year.

The Ministry of Agriculture (MoA) advocates responsible and sustainable aquaculture projects that are environmentally friendly, socially acceptable and technically and economically viable. A marine fish cage culture industry is emerging within the territorial waters with several projects and associated land-based hatchery facilities currently under development. Furthermore, there is a growing interest among national and foreign entrepreneurs to invest as a result of pristine waters and attractive markets.

The event aimed at highlighting existing and developing opportunities in investing in mariculture, raising the awareness on available technologies, increasing the level of confidence in investing in a sector relatively new for the country and reducing the perceived risks associated with this kind of investments. It proved to be an excellent platform for decision makers and investor to discuss with international experts on challenges and opportunities of marine aquaculture development. The event was attended by aquaculture stakeholders from the private sector, active companies, newly established projects as well as potential investors who were interested in entering into the aquaculture business. Governmental representatives from the Aquaculture Department (MoA), decision makers and producers associations were also present and contribute to the discussions.

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