Two Oman-based companies, Bahwan Services and Trading and Muscat Investment House, have invested in Singapore-based Blue Aqua Singapore.
Blue Aqua Singapore is a subsidiary of aquaculture technology provider Blue Aqua International.
The investment supports the expansion of Blue Aqua Singapore’s farming operations, enabling it to enhance its trout farming capabilities, expand distribution channels, and boost the production of aquafeeds for export.
“Once the farm construction is completed in 2024, Blue Aqua is projected to produce 50 percent of Singapore’s seafood,” Blue Aqua International CEO Farshad Shishehchian said.
