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MENA-OECD Commendation
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Saudi
Arabia |
ARABIAN
SHRIMP COMPANY Chairman: Mr.
Ibrahim Al-Mishari Directors: Mr.
Mansour Al-Maiman, Mr. Mohamed Ateia, Mr. James L. Greenberg,
and Mr. K.R. Kumar General Manager:
Mr. Michael Stirnberg Arabian Shrimp Company P.O. Box 19580 Riyadh 11445, Saudi Arabia Phone: +966 1 478 3800 Fax:
+966 1 474 2813 E-mail: jgreenberg@devcorpint.com Website: www.devcorpint.com DATE OF ESTABLISHMENT: May
2005 NEW PRODUCT AND STRATEGY INTRODUCED IN 2005:
A large scale
environmental-friendly shrimp farm and the first employer of women in
processing plants that will become the model of such an activity
country-wide.
Arabian Shrimp Company, a joint venture between Aqua
Farms, Aquad, Arab Authority for Agriculture Investment and Development,
and Saudi Offset Limited Partnership, started in 2004. It
is based in Saudi Arabia and is specialized in aquaculture. The company is building a world scale,
integrated shrimp farm in Jizan in the southwestern part of Saudi Arabia
on the Red Sea coast, turning otherwise unproductive land into land that
produces a valuable product. Construction of the ponds for the first stage of 700
hectares began in 2005 with the first crop expected in third quarter
2006. The company acts as a
catalyst for growth of the aquaculture industry in Saudi Arabia. It plans
to produce approximately 25,000 tons of shrimp/year, for both local and
international markets. The company is developing a substantial export base
to the GCC, Europe, Japan, and the US. Other aquaculture projects are
already in advance planning such as fin fish cage culture and micro-algae.
Supporting industries such as
feed mills and processing plants for value-added products are being
planned. Today the company employs a total of 40 people; plans to employ approximately 3000 people at full development, and to provide employment opportunities for women (30% of the future workforce). It is the first employer of women in processing plants that will become a model of such an activity country-wide. |
