aquaculture-in-oman-industry
Published

October 2016

Analysis of the Fisheries and Aquaculture Sector in Oman - Fishes and Invertebrates with Production, Consumption, Import and Export Data and Trends (2016 - 2021)

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With a GDP of US$ 81.79 billion, and a population of 3.93 million people, Oman is one of the largest producers and consumers of fish in the GCC. With a high unemployment rate, the government has also chosen this sector as a key pillar for economic diversification to move away from over-dependence on earnings from hydrocarbons exports, encouraging artisanal fishermen participation to boost employment. The market for fisheries and aquaculture in Oman was worth US$ XX million as of 2015, and is expected to grow at CAGR X% per annum over 2016-2022.

Oman’s per capita consumption of fish is the highest in the GCC after UAE, at 27 kg per capita per annum. X% of this is imported, as local demand outstrips local supply for many varieties of fish. Oman, under its national food security program plans to double production from about 200,000 tons in 2014 to 480,000 tons in 2020.

An increase in population, affluence, preference for protein rich food, impetus by the government to increase self-sufficiency in terms of food, and the country has had a historically strong research wing for fisheries, active since 1997. These approaches include experimentation with different varieties of fish including oysters, shrimps and shellfish, using cages. Of the five currently ongoing pilot programs, the one in Musandam Governorate employs a marine cage technology after using GIS for site selection. Additionally, feed research and culturing tilapia are vital research projects for the country. Despite these, aquaculture production has contributed very insignificantly to the total output of fish in Oman. Given the problems of overfishing in common areas, a lack of regulation, consolidation and knowledge sharing in the informal sector leading to fishing of endangered species in conjunction with high demand has made the importance of aquaculture conspicuous. Oman’s fisheries, aquaculture and fish processing sector is set only to expand over the coming years.

Two types of aquaculture farming systems are prevalent in Oman – shrimp farming in Al-Wusta Governorate in Wilyat Mahout producing between 250 to 350 tons of shrimp annually, and integrated farming systems, wherein species like Tilapia are cultured in small farms which are unfit for typical agricultural activities. Types of species which can be grown include those endemic to the Omani waters, as well as exotic species. Some known fish are sea cucumbers, freshwater carp, seabass, and other high value fish. The government has instated Regional Aquaculture Information System (RAIS) which partakes in capacity building, research and evaluating projects submitted by private players.

Companies for fish processing services and fish rearing management can conduct business in Oman under PPPs. The process of bidding for tenders is highly competitive in Oman, attracting large multinational companies who partner with local companies to bid. Tendering in Oman has the downside of a lower number of prerequisites, attracting a high number of bids, enabling companies with poor standards bidding for the tender to drag down prices for bids. Businesses can integrate themselves as joint stock companies, LLCs, general or limited partnerships, foreign branch, joint venture or sole proprietorship in Oman.

Oman’s largest fish importers are the UAE and Saudi Arabia, constituting 50% and 16% of total export by Oman. Most important names include Oman Fisheries Company, National Prawn Company, Quriyat Aquaculture Company, Hesy, and others.

KEY DEVELOPMENTS

  • The ADFD (Agriculture and Fisheries Development Fund) announced in early May the launch of a financial assistance program for initiatives employing new techniques and ideas in both agriculture and aquaculture.
  • Oman recently handed out 19 licenses for aquaculture. Total investment in these projects amounted to US$ 333.6 million. Four of these are located in South Batinah, two in Dakhliyah, and two in South Sharqiyah. One of these will be for a shrimp project funded by both Omani and foreign investors
  • US$ 1.6 billion allocated by Omani Government for development of fisheries infrastructure and domestic fish markets, ports, for expanding fleet and subsidizing pisciculture and training, processing and development of overseas export markets
  • In addition, US$ 259 million have been pledged in the 8th Five Year Plan
  • Furthermore, the Government is to rally for private investments worth US$ 100 million for Phase 1 of Aquaculture Development Plan, launched in 2012
  • Minister of Agri and Fisheries announces US$ 1.29 billion in fisheries development between 2013 and 2020 in 2013
  • New Duqm Fisheries Industrial Zone, worth US$ 250 million currently in tender phase, to be completed partially by 2017, completely by 2018
  • World Bank has partnered with Omani government to assist in knowledge sharing and capacity building for the largely informal fisheries sector in the country. This will include partnering for

KEY DELIVERABLES IN THE STUDY

  • Market analysis of the fisheries and aquaculture industry in Oman, with region specific assessments and competition analysis
  • Market definition along with the identification of key drivers, restraints and opportunities
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global, regional and national scale
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares
  • Identification and analysis of the macro and micro factors that affects the market on the national scale
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
  • Insights on the major regions in which this industry is blooming and to identify the with potential
  • Analysis of various quantitative parameters like capacity of production, total energy production, consumption of energy by each sector (agriculture, domestic, private sector), etc.
  • The detailed analysis of market size (in terms of both value and volume), value-chain analysis, technologies in use, trade, government regulations, upcoming projects, forecasts of market growth and market sizes for each segments are included in the report. In addition to it, the report also explains economic conditions of the region and forecast of its current economic scenario, and effect of its current policy changes in its economy, reasons and implications on the growth of this sector.
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