The joint project aims to evaluate if the model should be extended across more than 18,000 hectares of farmland in southern Chile.
Tuhlub Al Mustadama and Simak are launching a pilot project to produce sustainable fish feed from local algae and seaweed resources.
The plant will have a 150,000-tonne annual capacity.
The initiative will seek to expand access to finance for farmers and private investors while mobilising additional private capital for productive investments.
The factory is equipped with a comprehensive system of modern machinery and equipment, and many production stages are automated.
The project includes a 1,100-square-metre finished-goods warehouse, alongside new offices, changing rooms and communal facilities.
The hatcheries aim to increase the supply of fingerlings to local fish farmers.
The facility will produce specialised feed including feed for marine species such as sea bass, barramundi and other commercially important fish species.
The collaboration will introduce systematic blood biomarker analysis across the group’s production sites.
The facility, to be built in Athi River in Machakos County, will have the capacity to produce more than 20 metric tons of feed per hour.