Asmak Bahrain set to begin fish supply

12 Oct 14

 

 

n The company’s aquaculture project off Askar

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MANAMA: A roundtable discussion on doing business and legal challenges for US and international businesses in Bahrain will be held tomor- row.

Asmak was founded in 2010 by prominent individual and institutional investors in the food and retail sectors, with the principal aim of starting the first open-sea floating cage aquaculture project in Bahrain.

Organised by The American Chamber of Commerce Bahrain (AmCham Bahrain) in co-operation with the US Department of Commerce, the event will be held at 2pm at the InterContinental Regency Bahrain.

Led by deputy general coun- sel of the US department of commerce Justin Antonipillai and former Overseas Private Investment Corporation gen- eral counsel Don DeAmicis, topics of focus will include Commercial Law in Bahrain and the role of the US depart- ment of commerce in develop- ing commercial laws.

Established off the coast at Askar, the company’s fish farm is expected to reach a harvesting capacity of 1,500 tons by the fifth year of opera- tions, constituting around 12pc of the total fish supply, and approximately 35pc of total fish imports in Bahrain.

For more information, contact Mary McGinnis of AmCham Bahrain by emailing mmcginnismail@gmail.com or calling 35114696.

“We have completed phase one of the project and overcome all the challenges,”

ing are very promising and would help a great deal in the country’s development in the long run, Mr Shaheen said.

The company's board members include Jawad Al Hawaj, Khalid Engineer, Khalid Al Amin, Ibrahim Al Daisi, Adnan Al Baluchi, Zeenat Al Mansoori, Jassim Al Qaseer and Ahmed Baqer.

MANAMA: Asmak Bahrain has announced that the first batch of fish produced at its facilities is set to be available in the local market in June, with production expected to go in full swing in September.

“The project was estab-
lished mainly to boost national
food security as well as create
new jobs for Bahrainis,” chairman Saqer Shaheen told shareholders at the general assembly meeting held at the Bahrain Chamber of Commerce and Industry head- quarters in Sanabis.

he added.
Projects like aquaculture and aquafarm-

culture industry, including fish farming, processing, packaging, and export/import.

The proposed business activities of Asmak will cover all aspects of aqua-