The GCC’s rising per capita seafood consumption will be addressed at this year’s Seafex 2014, as regional and international aquaculture companies showcase technologies — such as hatcheries, harvesting of plants and animals, processing and trading — designed to enhance future production of regional seafood products.
According to a report by the Food and Agricultural Organization (FAO), the Saudi Arabian Ministry of Agriculture invested an additional USD 10.6 billion (EUR 8.2 million) into aquaculture projects to produce one million metric tons of fish in the next 16 years.
In addition, the GCC’s per capita average seafood consumption is expected to increase year-on-year in-line with Gulf countries’ population growth — the Economic Intelligence Unit (EIU) forecasts the GCC population will reach 53.5 million by 2020 — rapid economic development, market demand and robust regional logistics capabilities.
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