Market Overview
Oman’s 3,165-kilometre coastline and rich marine biodiversity support a fisheries sector that contributed OMR 680 million to GDP in 2024. Traditional capture fisheries employ over 60,000 Omanis, while aquaculture remains nascent but rapidly expanding with government backing.
The Ministry of Agriculture, Fisheries and Water Resources has launched the National Aquaculture Development Strategy targeting 200,000 tonnes of farmed fish production by 2030, up from approximately 5,000 tonnes in 2024.
Opportunity Assessment
Aquaculture presents the highest-growth opportunity, with designated coastal zones in Dhofar and Al Wusta governorates offering pre-permitted sites. Fish processing and cold chain infrastructure remain underdeveloped, with over 40% of catch lacking proper cold storage. Export markets in Asia and Europe offer premium pricing for Omani wild-caught species.
| Metric | Value |
|---|---|
| Fisheries GDP contribution | OMR 680 million |
| Coastline length | 3,165 km |
| Annual fish catch | 580,000 tonnes |
| Aquaculture target | 200,000 tonnes by 2030 |
| Processing capacity gap | 40% of catch |
| Export value growth | 12% annually |
Risk Factors
Seasonal variability affects catch volumes. Red tide events pose biological risk to aquaculture operations. Water quality monitoring and disease management capabilities are still developing.
Entry Strategy
The Oman Aquaculture Development Company (OADC) serves as the primary government counterparty for aquaculture projects. Processing facility investments near Duqm port offer strategic export positioning. Technology partnerships for recirculating aquaculture systems (RAS) are actively sought.
Vision 2040 Alignment
Fisheries and aquaculture are designated as a priority diversification sector under Vision 2040, with dedicated funding from the Oman Investment Authority and streamlined regulatory pathways through the Food Security Programme.