On Sunday, Saudi Fisheries signed a contract officially confirming the construction of an aquafeed mill, to be located at the site of their main shrimp and fish processing plant in Al Huraidha, Asir Province.
Plans to build the feed mill were first announced to shareholders in October, last year. Saudi Fisheries selected Chinese feed machinery manufacturers Muyang Group for the supply and construction of the feed mill.
The feed mill will be built at a cost of SAR16.7 million (USD$4.5 million), and will have a capacity of 20 tonnes per hour equivalent to 96,000 tonnes per annum.
The feed produced by the new aquatic feed mill will help to support the fish and shrimp farming operations of the company.
With the new feed mill, the company is looking to reduce production its production costs by up to 30%, and will also allow the company greater control on the quality of their fish feed.
The feed mill is expected to be completed within 8 months of signing the contract.