Analysis Of The Fisheries And Aquaculture Sector In GCC Countries: Fishes And Other Invertebrates With The Production, Consumption, Import And Export Data Alongwith Trends For The Last Decade (2004-2014)

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Sep 17, 2014, 11:16 ET

DUBLIN, Sept. 17, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Analysis Of The Fisheries And Aquaculture Sector In GCC Countries: Fishes And Other Invertebrates With The Production, Consumption, Import And Export Data Alongwith Trends For The Last Decade (2004-2014)" report to their offering.

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In two years' time Oman will become home to one of the biggest aquaculture facilities in the GCC. The $80 million project will involve inland aquaculture, cage farming, and Mari culture. The farm is to produce 3,000 tonnes of fish in 2016; 8,000 tonnes in 2017 and 13,000 tonnes in 2018, this includes 10,000 tonnes of shrimp and 3,000 tonnes of tuna, cobia and sea bream.

This aquaculture project is expected to be supported by all GCC countries and reflects continuous effort to produce more food locally because of sharp decline of fish stock, due to overfishing and pollution, the region is turning to fish farming to meet the demand for protein. Fish consumption in the GCC is estimated at 10 kg per person per year, with UAE on top in the regional rankings in the consumption of seafood with 33 kilograms per person.

Population growth and rising affluence means increasing demand for fish, and it is projected to grow at around eight percent a year up to 2030, reaching 900,000 tonnes by that year in the UAE. Fish supply in GCC countries must increase 20 percent to meet the region's current levels of consumption.

Fish consumption in the GCC is estimated at 10 kg per person per year, with UAE on top in the regional rankings in the consumption of seafood with 33 kilograms per person. Aquaculture is relatively new in Saudi Arabia and there are not many rules and regulations governing the sector.

The Saudi Arabian Ministry of Agriculture announced that it would inject $10.6 billion into aquaculture projects to produce one million tons of fish in the next 16 years. Population growth and rising affluence means increasing demand for fish, and it is projected to grow at around eight percent a year up to 2030, reaching 900,000 tonnes by that year in the UAE alone. Fish supply in GCC countries must increase 20 percent to meet the region's current levels of consumption.

Key Topics Covered:

1. Executive summary
1.1 Areas covered (Sectors and countries)
1.2 Research methodology

2. Aquaculture2.1 Fish and other invertebrates
2.2 Summary