Investing in a fish packing and smoking plant in Yemen represents a promising investment opportunity in 2022, particularly in light of Yemen’s Vision 2030, which aims to advance the national economy, enhance the foundations of economic stability, and position itself among global economies.
What is a fish packing and smoking plant?
A fish packing and smoking plant dries and smokes fish. Drying is a process intended to preserve fresh fish for as long as possible. Smoking, on the other hand, exposes fish to smoke from hardwoods or sawdust to enhance its taste, aroma, and other qualities.
In 2021, the value reached The global fish processing market is valued at USD 195.35 billion and is expected to reach USD 222 billion by 2027, registering a CAGR of 3.8% during the period 2021-2027.
Mashroo3k Consulting Company recommends investing in a fish packing and smoking plant project based on the following:
The total catch of fish and other marine life is approximately 31,210 tons, equivalent to 24,617 million riyals.
The quantity of pelagic fish caught was 24,234 tons, valued at 15,610 million riyals.
Deep-sea fish caught: 3,962 tons, valued at 5,460 million riyals.
Other marine life caught: 3,014 tons, valued at 3,547 million riyals.
The value of fish produced by the country was estimated at approximately 52,066 million riyals, and this value is expected to rise to 89,618 million riyals by 2024.
For more details on the latest economic indicators and investment opportunities in Yemen, as well as the most prominent funding agencies supporting successful investment projects in the country, you can contact the investor services team at Mashroo3k Consulting.
