FISH FARM IN EAST-MED
Mikati Partners Investments is working towards developing the first fish farm of 1500 tons in East-Med in deep sea water.
The total suggested capital is $9M which includes the offshore solution 10 cages 90m circumference, work boat for feeding, transport boat, packaging, processing and storage facility, 4 trucks for sales and distribution.
In 2014 the total amount of imported fish, whether live, fresh or frozen (including crustaceans and molluscs) amounted to about 20921 tonnes at an approximate value of USD 95 million. This indicates that there is potential for development in the aquaculture sector. –FAO org reference http://www.fao.org/fishery/countrysector/naso_lebanon/en
The World per capita fish supply reached a new record high of 20 kg in 2014, while in East-Med the consumption per capita is 5kg only. These numbers allow us to safely assume that there is an opportunity to increase the Lebanese and regional countries consumption. Eating fish is associated with healthy eating habits and nutrition excellent benefits, such as fresh, easy to make and cost efficient food. Additionally, fish is another solution to food security initiatives.
Associated risks are mainly production risks like seals and birds escapees; heavy storms, wind and waves; mooring and seabed and insurance policy, quality standards and guarantee policy plans.
The fish farm project is currently at the phase of receiving the final government licenses, site selection, and government support. In addition a separate study is on-going to assess the environmental impact of the fish farm in East-Med.
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