Investment Magazine/exclusive
As part of efforts to enhance food security and increase fish exports, the Ministry of Economy, Industry and Investment, the Ministry of Agriculture, Fisheries and Water Resources and the General Authority for Investment are offering a huge investment opportunity to establish an integrated company to transport and market fish products in the fish capital of Yemen, Hodeidah Governorate, at a total cost of $16 million.
Highlights of the project With an operational capacity to transport and distribute 10,000 tons of fish annually, which contributes to covering local demand and increasing exports.
A total area of 6,000 square meters, including cold storage facilities, primary processing units, and distribution platforms.
The investment cost of the project is $16 million, including infrastructure, land and sea transportation, and preservation and refrigeration technologies.
Project objectives.
The project will contribute to enhancing food security by providing high-quality fish products and increasing exports to regional and international markets, especially the Gulf countries and Africa.
In addition to improving the income of fishermen through direct partnerships and providing fair prices, and developing the infrastructure of the fishing sector by introducing modern transportation and storage technologies.
Why Hodeidah?
Given that Hodeidah governorate is coastal and strategically located close to sea ports, which facilitates export operations and transportation to the governorates.
In addition to the huge fish wealth in the governorate, which is one of the richest fish areas in Yemen.
In addition to the huge fish wealth in the governorate, which is one of the richest fish areas in Yemen.
Economically, the project is expected to generate large profits due to the increasing demand for fish locally and internationally.
Socially, the project is expected to provide hundreds of direct and indirect jobs, as well as contribute to the local output and support the economy of the governorate and the country in general.
According to economist Rashid Al-Haddad, this project will represent a qualitative leap in the fish sector in Yemen, as it combines economic feasibility and developmental impact, because investment in this sector is promising, especially with the expected government support to facilitate export operations.
This investment opportunity is considered one of the most attractive opportunities for investors, given the rapid economic return, the expected government support and backing, and the fact that this opportunity
contributes to achieving sustainable development.
Comments