Oman continues overhaul of fisheries sector with three-way merger

The Sultanate of Oman has announced plans to merge three state-owned companies into one as the country seeks to attract additional investment to the sector. Oman’s Investment Authority (OIA) said the new company, Fisheries Development Oman, will be formed from the merger of three entities: Blue Water, Al Wusta Fishery Industries, and Oceanic Shrimp Aquaculture. In the announcement, first reported by Muscat Daily, the OIA said the move was being made to expand both its inland and marine…