Bahrain firm set to begin fish supply
Manama, May 12, 2014
Asmak Bahrain has announced that the first batch of fish produced at its facilities is set to be available in the local market in June, with production expected to go in full swing in September.
Asmak was founded in 2010 by prominent individual and institutional investors in the food and retail sectors, with the principal aim of starting the first open-sea floating cage aquaculture project in Bahrain, reported the Gulf Daily News, our sister publication.
Established off the coast at Askar, the company's fish farm is expected to reach a harvesting capacity of 1,500 tons by the fifth year of operations, constituting around 12 per cent of the total fish supply, and approximately 35 per cent of total fish imports in Bahrain.
"The project was established mainly to boost national food security as well as create new jobs for Bahrainis," chairman Saqer Shaheen told shareholders at the general assembly meeting held at the Bahrain Chamber of Commerce and Industry headquarters in Sanabis.
"We have completed phase one of the project and overcome all the challenges," he added.
Projects like aquaculture and aquafarming are very promising and would help a great deal in the country's development in the long run, Shaheen said.
The proposed business activities of Asmak will cover all aspects of aquaculture industry, including fish farming, processing, packaging, and export/import.
The company's board members include Jawad Al Hawaj, Khalid Engineer, Khalid Al Amin, Ibrahim Al Daisi, Adnan Al Baluchi, Zeenat Al Mansoori, Jassim Al Qaseer and Ahmed Baqer.-TradeArabia News Service