The UAE's Ministry of Climate Change and Environment (MOCCAE) has inked a memorandum of understanding (MoU) with Dubai World Central (DWC), also known as Dubai South, to scale up the local aquaculture industry by setting up a fish farm.
Under the agreement, MOCCAE will facilitate the registration and licensing procedures for the DWC fish farm and provide consultancy advice.
Following a feasibility study of proposed species with regard to their local market value, the Ministry will select the species best suited for cultivation, a statement said.
It added that MOCCAE will identify the key challenges that the aquaculture industry faces in the UAE and share the findings with DWC.
Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, and Khalifa Suhail Al Zaffin, executive chairman of DWC, signed the MoU.
Al Zeyoudi said: "National enterprises that are based on top-notch research studies and technologies are key drivers in our efforts to diversify food sources and increase the share of food produced at home to meet the needs of the local market.
"Fish is an important component of our local cuisine in the UAE, and we need to make sure our fisheries and fish stocks can continue to support the growing demands of our population."
Al Zaffin added: "Our new collaboration with the Ministry of Climate Change and Environment will help establish aquaculture as a prosperous industry that contributes to making the UAE’s fisheries more secure and sustainable."For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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