Oman has a major opportunity to develop as an aquaculture hub with an export potential projected at $7 billion per annum, according to Teng Theng Dar, non-resident Ambassador of Singapore to Oman.

He made the remark at a forum titled ‘The Journey of Oman-Singapore Partnership and the Next Phase’, organised by the Oman Economic Association (OEA) at The Cultural Club in Qurum, Muscat, said anh Oman Daily Observer report.

Also taking part in the forum were Alex Miquel, CEO, Sembcorp Salalah Power and Water Company; Tan Siang Tang, CEO of Oman Air SATS Cargo; Richard Grosse, consul-general of the Singapore consulate-general in Muscat; and an executive of e-Government solutions firm CrimsonLogic.

The forum was moderated by Ann Said al Kindi, board member at the Omani Economic Association.

Speaking at the event, Ambassador Teng compared the sultanate’s potential as an aquaculture hub to Vietnam, presently the world’s third largest seafood exporter.

He added that Oman and Vietnam have the same land area, weather conditions (especially in south of Oman) and almost the same coastline of a little more than 3,000 km, and if Vietnam can do it, so can Oman.