Pure Salmon KSA is pleased to announce its plan to establish fully integrated land-based aquaculture farms in the Kingdom of Saudi Arabia, based on its proprietary cutting-edge Recirculating Aquaculture Systems (“RAS”) technology. These facilities will cover the full value chain: salmon grow-out, processing and pet nutrition. Pure Salmon has identified the Kingdom of Saudi Arabia as a key strategic country within its global vision as it aims to become the leading sustainable salmon producer in the region and worldwide.
The project consists of three phases. Pure Salmon will first build a 10,000-tonne per annum facility, to be followed by two additional increases of 10,000 tonne each. Pure Salmon KSA has already identified the location and is in advanced discussions towards signing a land lease agreement.
The Ministry of Investment (“MISA”) has issued an investment licence to Pure Salmon, and both parties have signed a Memorandum of Understanding. The Ministry of Environment, Water and Agriculture (“MEWA”) granted Pure Salmon an operating license. The Ministry of Industry and Mineral Resources (“MIM”) has signed an Expression of Interest with Pure Salmon.
Mr Stephane Farouze, Chairman and Founder of Pure Salmon, commented:
“Pure Salmon’s vision and values are fully aligned with the Saudi government’s Vision 2030 which focuses on food security, the diversification of the economy and the development of disruptive sustainable industries within the Kingdom. KSA plans to expand the local aquaculture industry to reach 600,000 tonnes per year by 2030 and Pure Salmon is proud to contribute to the realization of this vision. Pure Salmon will bring its cutting-edge RAS technology to the Kingdom of Saudi Arabia. This investment will create hundreds of direct and indirect skilled jobs and, through Pure Salmon Academy and in partnership with local educational institutions in the KSA, will groom and train next-generation aquaculture specialists.”
Pure Salmon has already built 21 facilities in Norway and is in the process of building 4 large-scale facilities in Japan, the United States, France and Brunei for a total production capacity of 35,000 tonnes per annum.
Notes to Editors
• With 90% of world marine fisheries overfished or fully fished1, Pure Salmon helps to solve the global fish shortage by locally producing sustainable fish in a controlled, traceable environment.
• Pure Salmon represents a socially responsible choice for consumer health, the environment, and the economy.
• Pure Salmon is one of the world’s fastest growing Atlantic salmon companies and is on its way to become the world leader of sustainable salmon production.
• As the fish is produced close to consumption centers, carbon emissions are lowered thanks to reduced transportation. With a longer shelf life, food wastage is drastically reduced.
• Fresh and healthy “made in Saudi” salmon will reinforce the Kingdom’s food security and independence and will provide the Saudis a source of clean and healthy protein.
• As a Member of the Blue Economy Finance Principles of the UNEP FI, Pure Salmon is convinced that deploying large-scale land-based RAS facilities worldwide is an effective way to relieve our oceans.
• Leveraging on its circular economy vision, Pure Salmon will also establish a pet nutrition business in the KSA, reusing the offcuts from its salmon processing activities.
• This announcement follows a number of strategic launches with projects already announced in Japan, the USA, France and Brunei.