Norwegian investors aim to farm salmon in Saudi Arabia
The facility will cost about $90m, and the company is seeking $25m of that from investors, says Vikings Label CEO Lukas Havn
11 September 2019 - 17:00
Riyadh — The desert kingdom of Saudi Arabia, long synonymous with its oil wealth, may soon produce and export a less likely commodity: farm-raised salmon.
Vikings Label FZC, a company majority owned by Norwegian investors, is planning to set up the country’s first salmon farming project, aiming to supply Saudi consumers with as much as 5,000 tons of the cold-water fish annually by 2023...
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