Oman Makes Headway with $430mln Algae Farm Project

June 23, 2020

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by Conrad Prabhu (Oman Daily Observer/Zawya) UK-based SuSeWi is leading the development of a 100,000-tons per annum capacity farm in the Sultanate -- Oman hopes to make a landmark foray into the multibillion dollar global algae farming industry with a maiden investment in a mega project on the South Al Sharqiya coast with key backing from a leading British player.

UK-based SuSeWi (formerly Feed Algae), which is behind a number of algae farming projects around the world, is leading the development of a 100,000-tons per annum capacity farm in the Sultanate. With an estimated investment of around $430 million, it will rank among the largest micro algae farming projects in the world.

Given the scope of the venture and the need for approvals from a plethora of regulatory agencies, the Implementation Support and Follow-Up Unit (ISFU) – a special task force set up under the auspices of the Diwan of Royal Court – has been facilitating the approvals process to aid its speedy delivery. ISFU’s mandate is to fast-track projects and initiatives that will help accelerate Oman’s economic diversification. READ MORE