Malta tuna farming to contribute EUR 73m by 2025
Capture-based tuna farming will contribute about EUR 73 million to the economy and account for over 1,000 jobs in 2025, according to a strategy on the aquaculture industry.
The sector now needs a strategy to determine exactly where it is going and how to get there.
This forecast is based on an assumed recovery of tuna stocks in the wild that would allow quotas to increase and the Maltese industry to return to 2007 levels of production.
According to the strategy’s forecasts, closed cycle aquaculture could produce about 10,000 metric tons of fish by 2025, contributing nearly EUR 40 million to the economy and employing close to 800 people.