EcoFishCircle AS (EFC) has signed a Memorandum of Understanding (MoU) with Hayal International Company LLC for delivering a modular Recirculating Aquaculture System (mRAS) and developing a land-based fish farming facility in Saudi Arabia. The facility will produce 10,000 tonnes of Atlantic salmon annually.
"We are very satisfied to announce the partnership with Hayal for this project."
Daniel Jakobsen, CEO of EFC
The initiative aligns with Saudi Vision 2030, which aims to establish the kingdom as a major player in land-based aquaculture. EFC will serve as the technology partner and provide operational support.
"By combining our technical expertise with the capabilities of our partner, we are enabling the deployment of our modular mRAS solution."
Henrik Kjevik Olsen, CCO at EFC
The facility will operate under the name Blue Oasis. Abdulrahman AlTayaran, CEO of Hayal, expressed enthusiasm:
"We are pleased to formalize our collaboration with EcoFishCircle."
Abdulrahman AlTayaran, CEO of Hayal
"This view is shared by the authorities in Saudi Arabia, and we are pleased to be able to start this major project."
Terje Mikalsen, Chairman of EFC's Board
