The Sultanate of Oman’s Ministry of Agriculture, Fisheries and Water Resources has signed four investment agreements worth a total of OMR 13.4 million to develop commercial and coastal fishing, fish processing and canning, and fishing net recycling.

The agreements aim to attract investment, increase the value of fishery products, strengthen food security and support economic diversification and sustainable development.

The agreements were signed on behalf of the Ministry by Engineer Yaqoub Al Busaidi, Undersecretary for Fisheries.

The first agreement, worth OMR 5.4 million, covers an integrated commercial fishing and fish canning project in the Fisheries Industries Zone in Duqm, Al Wusta Governorate.

The second agreement involves establishing a tuna and sardine canning factory in Duqm, with an investment of OMR 5.73 million.

The third agreement, valued at OMR 2 million, provides for a fish processing and canning facility in Al Musannah, South Al Batinah Governorate.

The fourth agreement, worth OMR 300,000, focuses on recycling used fishing nets in Al Wusta Governorate, supporting the circular economy and environmental sustainability.

The agreements reflect the Ministry’s commitment to strengthening private sector partnerships, expanding value added fisheries industries and enhancing the competitiveness of Omani fishery products in local and international markets.