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The UAE Ministry of Climate Change and Environment, in partnership with Abu Dhabi National Oil Company and Emirates National Oil Company, launched the subsidy scheme to help the country's fishermen cope with rising cos.
The fuel subsidy is a short-term aid designed to help fishermen cope with soaring fuel prices and will be paid based on total income, fishing activity, family size and years of employme.
The government estimates the subsidy could help 500 fishermen in 202
The government estimates the subsidy could help 500 fishermen in 202
The subsidy comes as a number of countries have agreed to cut financial support for the fishing industry with the aim of improving the environmental sustainability of the global fishing industry and levelling the commercial level of seafood
The OECD estimates that governments around the world spend a total of $35 billion to support the fisheries sector, an average of about 20 percent of the total value of all marine fish caught in the ocean and arriving in por.
As we all know, oil and gas in the UAE is the main driver of the local economy, while the fishing economy is a traditional sector in local communities and urban areas, with an average annual production of 73,000 tons, the main species are gilthead bream, shrimp, tilapia and sturgeon fi.
In 2018, salmon importer Vikings Label announced an investment of US$90 million to build hatcheries and recirculating aquaculture syste.
In 2020, UAE Aqua Bridge and Israel's Aqua Green Israel reached an agreement to jointly develop recirculating aquaculture systems (RAS) to meet the growing demands of the Middle Ea.
Growing demand for seafo.
In 2020, UAE Aqua Bridge and Israel's Aqua Green Israel reached an agreement to jointly develop recirculating aquaculture systems (RAS) to meet the growing demands of the Middle Ea.
Growing demand for seafo.
The UAE government has supported Emirates AquaTech to build and operate a land-based recirculating aquaculture system for sturgeon farming, with the goal of producing up to 30 tonnes of caviar per ye.
This year, Dubai-based Ocean Harvest joined the UAE’s strategic partnership for land-based salmon farming, with plans to build a land-based salmon farm with an annual output of 2,000 to.
Dibba Bay Oysters has also received government support to export seafood to the United Stat.
Dibba Bay Oysters has also received government support to export seafood to the United Stat.
