Asian aquaculture company Blue Aqua Singapore has received an investment of SGD 8.8 million (€6.2 million/$6.3 million) from Omani finance giant Muscat Investment House.

The company, a subsidiary of aquaculture tech group Blue Aqua International, will use the investment to expand its growout operations in high-tech trout farming, ramping up distribution and aquaculture feed manufacturing in support of Singapore's 30 by 30 food security initiative.

Muscat Investment House is one of the largest and most prominent business conglomerates in the Sultanate of Oman, with more than 20 diversified subsidiaries throughout Oman and the Gulf.