Date: 18 Mar, 2017
The celebration of the inauguration of the Tunisian Fund for fish farming, which, in its first stage, saw involvement from the Arab Authority for Agricultural Investment and Development, the Tunisian Bank Society and the Tunisian Deposits and Consignment Fund, is targeted towards the increase of investment in the field of fish farming in Tunisia. His Excellency Mohamed Bin Obaid Al Mazrooei, president of AAAID, participated in the signing ceremony of the “Tunisia Fisheries Fund”, under the organization and supervision of Mr. Fadhil Abdul Kafi, Minister for Development, Investment and International Cooperation held on Thursday 16th of March 2017.
The Tunisian Fisheries Fund is said to provide over 50 million Tunisian Dinars in funding for organizations and business owners interested in creating and developing projects concerning fish farming. This provides a surge in job opportunities and is estimated to increase the national output of fish products to reach 20 thousand tons by 2020.
Additionally, His Excellency Mohamed Bin Obaid Al Mazrooei, president of AAAID, met with several businesspersons and heads of financial institutions and banks to introduce them to the works of the Arab Authority for Agricultural Investment and Development and to discuss with them future partnerships in regards to agricultural growth. Furthermore, the conditions and developments of investments made in Tunisia were discussed, including Agro-Zitex Company and Al Marga for Cattle and Agricultural Development Company as well as the future production of potato seeds project.