In the framework of the policy of support and encouragement for investment in the maritime fishing and aquaculture sector, the Director General of Fishing and Aquaculture, Miloud Tria, received this Monday in Algiers a delegation of Saudi and Chinese investors interested in carrying out structuring projects in the fields of marine and inland aquaculture, indicated the Directorate of Fishing and Aquaculture yesterday in a press release.
The investment opportunities in marine aquaculture and freshwater aquaculture sectors were widely discussed during this meeting, with particular emphasis on the advantages granted to certain species with high economic value, notably royal meagre, sea bass, and red tilapia, specified the Directorate of Fishing and Aquaculture.
The medium- and long-term development prospects for aquaculture were also at the heart of this meeting, highlighting the importance of strengthening nursery activities and studying projects in the field of shrimp farming.
Furthermore, the possibility of creating industrial units dedicated to the production of maritime fishing equipment was examined, with the aim of strengthening industrial integration and consolidating the production chain, indicated the same source.
On this occasion, the officials highlighted the important potentialities available to the sector, across all sub-sectors, as well as the incentive measures adopted by the State to promote investment.
These investors thus expressed their interest in investing, given the opportunities offered by this sector and the advantages granted by the public authorities. They reaffirmed “their willingness to materialize investment projects in Algeria, considering that the sector benefits from promising prospects and a favorable investment climate.”
The meeting took place in the presence of representatives of the Algerian Economic Renewal Council (CREA), as well as executives from the General Directorate of Maritime Fishing and Aquaculture. The meeting was also marked by the presentation of a detailed briefing on the current state and development prospects of the sector in Algeria.