The fully integrated producer, a founder member of the nonprofit Global Aquaculture Alliance (GAA), has embarked on an $500 million, two-stage expansion program that will see it produce around 42,000 metric tons of shrimp by 2012 on a 250-square-kilometer site.
Branch offices will open in Dubai, Hong Kong and London, and a rebranding exercise is underway. It will start farming amberjack.
White shrimp reared in Saudi Arabia by privately owned National Prawn are selling very well in Europe, according to one of the company’s directors.
Its
