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, 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

The average growth rate ( ) Production (in 1000 tons) Category % Traditional fishing Commercial fishing 6.3% Total fish production Fish Production and Growth

Fisheries Development Strategy

Upgrade:- - Fishing fleet - Infrastructure Develop fish marketing and exports Develop fish processing industry Develop aquaculture Objectives of the Development plan Increase contribution to the GDP Employment creation for nationals

More investment and technology has found its way to Oman’s shores 259 $ million in the Eighth five-year Development Plan ( ) 1.3 $ Billion government Budget ( ) 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 Fisheries Development Strategy Implementation

Public investment Private investment PublicPrivatePartnership Public Private Partnership % 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 Indirect Return Million RO Impact of the Indirect Return on the GDP (Multiplier = 2) Contribution to GDP 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 250 $ m to be invested in the Zone and a fishing port The largest multi-purpose fisheries facilities in the Middle East The largest multi-purpose fisheries facilities in the Middle East Boost in Processing capability 60 processing plants, 60 processing plants, Storage facilities, Storage facilities, Fishing port, Fishing port, Vessel repair, Vessel repair, Aquaculture, Aquaculture, R&D and R&D and Training facilities Training facilities

Master Plan Master Plan Duqm Fisheries Industrial Zone

Aquaculture Opportunities in Oman Vision “Oman aims to be the leader in Aquaculture in the Gulf Region.”

An extra 40 million tons of fish will be needed by 2025 (World Bank, 2007) A market led approach World population and fishery supply trends

Aquaculture in Oman to reach 200,000 tons in the next 3 decades > 15 % per annum The Aquaculture Vision Oman case was based on what has been achieved in Chile, Greece,Turkey, Norway and Egyp Oman case was based on what has been achieved in Chile, Greece,Turkey, Norway and Egypt

- 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 Why investing in Oman

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 Investment opportunities 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