The development of commercial aquaculture in Kuwait seems to be getting special attention lately. The feasibility studies of various R&D projects concerning aquaculture operations showcase the great economic importance and possible investment opportunities in different segments of this sector.
With respect to other investment opportunities, aquaculture is a comparatively a new sector. However, this sector is regarded as economically very important and provides a great scope for foreign investments.
The government provides a supportive regulatory framework that now supports and encourages investments through land acquisitions with the provision of favorable loans. The prime focus of the government is developing the aquaculture market, so as to meet local demand.
There have been no exports of aquatic products in the past couple of years in Kuwait. While the import levels in Kuwait’s aquaculture market have been consistent and not too high since 2009, a higher local consumption of aquatic products was possible. The aquaculture market in Kuwait is still in its initial stages and given the factors that drive this market, the scope of developments and the returns on investments from the aquaculture sector in Kuwait is estimated to be good compared to the previous years.
Key factors in the growth of aquaculture industry are;
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