Oman Developing Fisheries to Achieve Economic Diversity
SEAFOODNEWS.COM [IPR Strategic Business Information Database] - August 24, 2015
According to the Omani news agency, the Sultanate of Oman is trying to diversify its economy beyond oil and as part of that initiative, is working to overhaul its fisheries sector.
The World Bank is working with the country on a plan to vitalize and better manage its fisheries as a step toward boosting livelihoods and making the sector ecologically sustainable.
In the past four decades, the Sultanate has grown into a middle-income country, and was ranked first of 130 countries surveyed by the United Nations Development Program (UNDP) in its 2010 Human Development Report in areas including health and education. Yet the country is overly reliant on oil revenues, and fisheries are not productive as they once were. The report published by the World Bank said that the Sultanate's government is committed to transforming the management of its fisheries...
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