In the fisheries sector, the package includes five major projects spanning algae cultivation, abalone farming and shrimp production, alongside a tuna fattening project using floating cages.
BAP certification shows IFFC meets global standards for sustainable, high-quality aquafeed with full traceability.
Nearly 800 feddans (roughly 830 acres) allocated to expand sheep, goat, and fodder production
The new facility will manufacture 48,000 tonnes of animal feed and 15,000 tonnes of aquatic feed annually.
The shrimp project is structured to provide consistent shrimp yields and it aims to supply both domestic markets and regional demand.
The project is expected to generate jobs in hatchery work, grow out activities, processing, transport and technical services.
The Sultanate expands restrictions following recurring animal health concerns in several countries.
Authorities explained that the import restrictions will remain in place until the conditions prompting the ban are resolved and an official announcement is made to lift them.
By advancing insect protein production, OFM is looking to strengthen its market leadership and align with global trends in sustainable agriculture and circular economy practices.
The study highlights the growing need for local fish feed production, given the dramatic increase in imported fish feed by 375% from 2020 to 2023.