The Fisheries Sector

Report
Investment Opportunities in the
Fishing Industry
Hamed Al-Oufi, Ph.D
Undersecretary for Fisheries Wealth
Ministry of Agriculture and Fisheries Wealth
Muscat, Sultanate of Oman
Oman Economic Forum, 18-19 March 2014
Fisheries in Oman
• A centuries’ old tradition
• 3165 km of pristine coastline
• Oman fisheries today
— Over 191,000 tons per year
— Valued at US$ 355 million (at first sale)
— Employs more than 40,000 nationals
Highly valued species on the
world markets including
tuna, kingfish, abalone,
grouper, copia, breams,
shrimp, lobster and many
others
Fish Production and Growth
Production (in 1000 tons)
Category
2009 2010 2011 2012
Traditional
fishing
133
147
Commercial
fishing
26
17
Total fish
production
159
164
151 184
6
3
157 192
The average
growth rate
(2009-2012)
12.2%
-51.3
6.3%
Fisheries Development Strategy
2013-2020
Objectives of the Development plan
Upgrade:- Fishing fleet
- Infrastructure
Develop fish
processing
industry
Develop fish
marketing and
exports
Develop
aquaculture
Increase contribution to the GDP
Employment creation for
nationals
Fisheries Development Strategy 2013-2020
Implementation
More investment and technology has found its
way to Oman’s shores
• 259 $ million in the Eighth five-year
Development Plan (2010-2015)
• 1.3 $ Billion government Budget (2013-2020)
• Aimed to increase fish production from
around 200,000 tons at present to 480,000
tons in 2020 and to create more than 20,000
jobs
Public Private Partnership
100
Private investment
Public
investment
%
0
2014
2020
Government will invest around RO 600 m ($ 1.6 b) in
infrastructure, fleet development and other services to
ensure accelerated growth and then privatize
Economic Return by 2020
Direct Return
369.6 Million RO
Indirect Return
Impact of the Indirect Return on the GDP
(Multiplier = 2)
Contribution to GDP
739.2 Million RO
Investment opportunities
Infrastructure & Fishing ports
•
•
•
•
21 ports in operation
3 under construction
3 tendering process
6 in design
• Wholesale fish market
• Many regional fish
markets
Lima- Layout – 18 February 2014
Lima
Duqm Fisheries Industrial Zone
Boost in Processing capability
• 250 $ m to be invested in the Zone and a fishing
port
• The largest multi-purpose fisheries facilities in
the Middle East
• 60 processing plants,
• Storage facilities,
• Fishing port,
• Vessel repair,
• Aquaculture,
• R&D and
• Training facilities
Master Plan
Duqm Fisheries Industrial Zone
Aquaculture Opportunities in
Oman
Vision
“Oman aims to be the leader
in Aquaculture in the Gulf
Region.”
A market led approach
An extra 40 million tons of fish will be needed by 2025 (World Bank,
2007)
250
9
Milion tonnes
200
7
6
150
5
4
100
3
2
50
1
0
0
1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030
Year
Capture Fishereis
Aquaculture
World population
World population and fishery supply trends
Population (billion)
8
The Aquaculture Vision
Aquaculture in Oman to reach 200,000 tons in the
next 3 decades growing @ > 15 % per annum
250
production in tons
200
150
100
50
0
2010
2015
2020
2025
2030
2035
year
Oman case was based on what has been achieved in Chile,
Greece,Turkey, Norway and Egypt
Why investing in Oman
- Resources biodiversity along > 3000 km
coastline
- World class infrastructure
- Excellent seafood processing sector
- Strategic location close to key export markets
- An investor-friendly environment with attractive
suite of incentives
- Political stability and an orderly civil society
- Professional, business-friendly legal and
regulatory framework
Investment opportunities
•
•
•
•
•
•
•
•
•
•
Ship yards
Marine construction
Fleet operators
Repair and maintenance
Fish processing/value
added
Logistics and storage
facilities
Fish trade/export
Supply of spare parts
Supply of fishing gear,
equipment
Ice production
• Fish feed for
aquaculture
• Hatcheries
• Supply of technology
• Supply of nets, etc.
• Diving companies
• Fish farms operation
• Consultancies
• Training
Thank you for your valuable time
and keen interest

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