Constructi­on work at OMR5mn shrimp farming project in Shinas 80% complete - PressReader

The OMR5mn (approximately $13 million USD) shrimp farming project in Shinas, Oman, reaching 80% completion, signifies a crucial milestone in the Sultanate's economic diversification strategy. This development aligns perfectly with Oman Vision 2040, which prioritizes the growth of non-oil sectors like aquaculture to enhance food security, create employment opportunities, and boost non-oil GDP. The GCC region, heavily reliant on food imports, is increasingly investing in sustainable aquaculture projects to bolster domestic production and reduce vulnerability to global supply chain disruptions. This project not only contributes to Oman's self-sufficiency in seafood but also demonstrates the continued demand for specialized construction and infrastructure development in the region's emerging industries. Its near completion underscores the momentum in Oman's efforts to build a resilient and diversified economy, attracting further investment in similar high-growth sectors.