Strategic aquaculture partnership in Oman and Singapore

The partnership aims to support the sustainable growth of the aquaculture industry and address food security concerns globally. It also aim to contribute to the development of the aquaculture industry and supporting economic diversification in the regions.

“This partnership is a significant step towards the development of Oman’s aquaculture sector and underscores the potential of the country to become a major player in the global seafood market,” said Dr Farshad Shishehchian, CEO of Blue Aqua International.

“With our cutting-edge technology and BSTL’s expertise in project management and execution, we are confident that we can create a sustainable and profitable aquaculture project in Oman.”

Multi-phase development

The partnership will develop Oman’s first state-of-the-art aqua feed mill with a production capacity upwards of 30,000 tonnes of feed, a high-tech trout farm capable of producing 3,000 tonnes and a super-intensive shrimp farm using Blue Aqua’s patented Mixotrophic System to produce 1,000 tonnes of shrimp annually.

With this partnership, Blue Aqua International, BSTL and MIH aim to support Oman’s Vision 2040 by creating a world-class aquaculture project in the country, which will contribute to the economic diversification and growth of Oman while also addressing the increasing demand for sustainable seafood products globally.

In addition to Bahwan Service & Trading LLC’s stake in Blue Aqua Singapore Pte. Ltd, MIH owns a 10% stake in the same entity established under Blue Aqua International.

Together, these investments will support the development of Singapore’s first high-tech trout farm, which is expected to produce upward of 3,000 metric tonnes annually in a space of 1.6 hectares using super-intensive technology. The project is expected to be completed in 2024 and will contribute to Singapore’s ’30 by 30′ food security initiatives.

Blue Aqua is currently operating The Aquaculture Stewardship Council (ASC) certified super-intensive shrimp farm producing Kuruma Shrimp (Marsupenaeus japonicus), Tiger Shrimp (Penaeus monodon) and White Shrimp (Litopeneaus vannamei) using Blue Aqua’s patented aquaculture method, a multi-species, zero waste, super-intensive culture system.