Undercurrent News, 26 Nov 2013: Salmon farming in the Emirates could become a reality

Salmon farming in the Emirates could become a reality

November 26, 2013, 9:42 am

Undercurrent News

An Abu Dhabi-stock listed fish farming group has announced plans to introduce land-based salmon farming in the western region of Abu Dhabi, part of the United Arab Emirates, reports The National.

This would be the first such facility of its kind in the Arabian Gulf.

The group, International Fish Farming Holding Company, or Asmak, has admitted that the western region is a “challenging environment” for salmon farming. Water temperatures need to maintained at 13°C, whereas local sea waters reach up to 40°C.

The company claims that the new site will cut the cost of salmon in the UAE by 30% to 50%, reducing reliance on imports from markets such as Norway and Ireland.

“This pioneering project will rely on a dedicated team including enthusiastic local farmers who will be constantly updated on international practices by visiting experts from Norway and Ireland,” Asmak said in a statement.

The farm will cover an area of 500,000 square metres and produce 4,000 metric tons of fish a year. Barramundi and subaiti will also be cultivated.

Asmak made net losses of AED 14.3 million ($3.9m) on revenues of AED 194m ($53m) in the first nine months of the year.

http://www.undercurrentnews.com/2013/11/26/salmon-farming-in-the-emirates-could-become-a-reality/?utm_source=wysija&utm_medium=email&utm_campaign=europe_newsletter_nov_26

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