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ZanziBarsarmin Fisheries announced a $3 billion investment commitment from its partner, Turkey's Northern Land Capital Investment Corporation, for its deep-sea fishing and fisheries processing projects, the Daily News reported on November 27. Salmin, CEO of
Salmin Fisheries, said the strategic project will support the skills development of small fishermen on the island, providing them with training, financing support and marketing support to meet the needs of more than 5,000 tons of fish per month in Turkey, China, Finland and other markets, and hopes that the Zanzibar government will help with the development of its projects.
, executive director of Turkey's Northern Land Corporation, said the project would help the Zanzibar government's vision of developing the marine economy.
Minister of Fisheries of Zanzibar said he strongly welcomed investment in the blue economy of the island, especially in industries such as deep-sea fishing, fisheries farming and fish processing, which is the flagship area of the island government's efforts to develop.
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