Oman's $110 million (€100 million) fish processing center in the Fisheries Industrial Zone of the Special Economic Zone (SEZ) is set to start production in early 2022, Zawya reported.

The International Sea Food facility will have the capacity to produce 72,000 metric tons of sardines per year and 17,000 metric tons of tuna.

Processor Oman Fisheries will use its 12.5 percent stake in International Sea Food to drive vertical growth. The facility will also produce fish oil and fish feed.

The processing company in Duqm is 24 percent owned by the Sultanate, represented by Oman Food Investment, one of the country's largest food-focused investment funds.

International Sea Food has attracted investment from a pool of local and regional players, including Qatar-based food investment firm Hassad Food.