Food Security - Fisheries - Duqm - Value-Added Seafood Processing Facility (ISFC)
Sector
Ministry of Agriculture, Fisheries and Water Resources
Location
Capital Investment
28,000,000 OMR
Internal Rate of Return
12.0%
Payback Period
11 Years
Implementation Duration
2.0 Years
Description
An upcoming Seafood cannery to be located in within the Fishery Zone of Special Economic Zone of Duqm. International Seafood Company (ISFC) will represent FDO’s initial effort to provide value-add services to raw material produced by subsidiaries and the fishery sector. The facility will have processing inflow of 27,000 tons per year of Tuna, Sardine, and Mackerel, yielding as estimated output of more than 100 million cans per year.