Saudi investment opportunity for shrimp and fish farming
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only serious potential technology investors are welcome
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Mari Culture Farm Project Investment & Business opportunity The Technology :
Recommendations -The current estimates available on known costs in Saudi Arabia are considered appropriate for the region and reflected accordingly in the capital costs and income statement charts.
Based on the results of the completed bathometric, topography survey, soil and water analysis, there will be 84 ponds surveyed and pegged, of one hectare in size, and the implementation of earth works. The stocking of the ponds will be scheduled to begin after the first phase of ponding is completed. Both fry and feed will be purchased locally and also imported from overseas depending on availability in the early days of the development. The aim is to maintain the production growth in parallel with the development. The first prawns will be harvested six months after stocking, and harvesting will be implemented to suit the demand of production schedule. Fresh produce will be harvested on a daily basis for local market distribution. The construction of buildings, followed by the processing and cold storage facility, which will be operational by time of harvesting are reflected accordingly in the construction schedule chart. The hatchery will be built to ensure the regular supply of fry once the project achieves full production estimated to be within eighteen (18) months allowing for variables in timing, for example, weather conditions. Estimations- Prices of Tiger Prawns have achieved as high as US 35 dollars per kilogram, but for the projected period we are using US 8 dollars as the lowest sustainable figure, and the projections are calculated accordingly (see cash flow chart). From Year 2 onwards, to reduce Fry Stocking of the Ponds by 90% the farm will cultivate its own Fry Culture, from mother prawns harvested from the Red Sea by the Farm's Trawler boat and harvesting equipment. It is planned (but not forecasted in these projections) that production costs will be reduced by further 40% from year 4 onwards, when the Farm's own Feed Production Plant, (purchased from the Farm's profit) will commence production.