Singapore-based Blue Aqua International, Bahwan Services and Trading LLC (BSTL), and Muscat Investment House (MIH) have announced a strategic partnership to develop major aquaculture projects in Singapore and Oman. The partnership aims to support the sustainable growth of the aquaculture industry and address food security concerns globally.
Blue Aqua International will partner with BSTL and MIH on a multi-phase aquaculture development project in Oman. This includes the country’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 (in 8 countries) 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.
The partnership aims to create a sustainable model for urban aquaculture and address food security concerns globally. With this partnership, Blue Aqua International, BSTL, and MIH are committed to contributing to the development of the aquaculture industry and supporting economic diversification in the regions.
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$6.6 mn investment
In July 2022, Blue Acqua announced a $6.6 million investment from Muscat Investment House, in order to build a city state’s first high-tech rainbow trout farm.
The investment aimed to increase distribution and aquafeed manufacturing in support of Singapore’s ‘30 by 30’ food security initiative.
Muscat Investment House is one of the largest and most prominent business conglomerates in the Sultanate of Oman, with more than 20 diversified subsidiaries throughout Oman and the Gulf. This was their first investment in the Singapore region, with the group’s moving focus into the sustainable aquaculture sector.
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