Blue Economy
Definition
The blue economy refers to the sustainable use of ocean and coastal resources for economic growth, improved livelihoods, and jobs while preserving marine ecosystem health. It encompasses fisheries, aquaculture, maritime transport, coastal tourism, seabed mining, and ocean energy.
Context
With over three thousand kilometres of coastline, Oman has significant blue economy potential. The government is investing in modernising the fisheries sector, developing aquaculture, expanding port operations, and promoting marine tourism as part of its diversification agenda.
Example
Oman’s investment in large-scale shrimp aquaculture farms along the Al Batinah coast creates employment, generates export revenue, and reduces pressure on wild fish stocks, exemplifying a blue economy approach.