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<div id="bodywrapper" class="paddingbottomforty"> <div class="grid-container full"> <div class="grid-x"> <div class="breadcrumbs small-12 cell"> <p id="breadcrumbs"><span><span><a href="https://www.macalister-elliott.com/">Home</a></span> 禄 <span><a href="https://www.macalister-elliott.com/news/">News</a></span> 禄 <span class="breadcrumb_last" aria-current="page">MEP Advises SALIC on Aquaculture Due Diligence</span></span></p></div> </div> </div> <div class="grid-container full"> <div class="grid-x grid-padding-x text-center"> <h1 class="mepheading small-12 cell">MEP Advises SALIC on Aquaculture Due Diligence</h1> </div> </div> <div class="grid-container fluid"> <div id="maincontent" class="grid-x grid-margin-x"> <div id="mepnews" class="small-12 medium-5 large-3 xlarge-3 cell text-center marginbottomtwenty"> <div data-sticky-container> <div data-sticky data-top-anchor="anchortop:top" data-btm-anchor="anchorbottom:bottom" data-sticky-on="large" > <img width="700" height="147" src="https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-700x147.jpg" class="attachment-half-width-image size-half-width-image wp-post-image" alt="SALIC Aquaculture" decoding="async" loading="lazy" srcset="https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-700x147.jpg 700w, https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-1400x294.jpg 1400w, https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-1536x323.jpg 1536w, https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-2048x430.jpg 2048w, https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-960x202.jpg 960w, https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-600x126.jpg 600w" sizes="(max-width: 700px) 100vw, 700px" /><span class="featured-caption">SALIC Aquaculture</span> </div> </div> </div> <div class="small-12 medium-7 large-6 xlarge-6 cell"> <p>MacAlister Elliott and Partners (MEP) have recently advised Saudi Agricultural and Livestock Investment Company (SALIC) on its acquisition of 42.4% in the National Aquaculture Group CJSC (Naqua), a company incorporated in the Kingdom of Saudi Arabia (KSA) specialising in aquaculture operations.聽 MEP provided aquaculture technical due diligence services, evaluating SALIC鈥檚 technical capacity to produce their declared production capacity.</p> <p>The MEP team providing the aquaculture technical due diligence was lead by Daniel Auwkit and Patrick White who undertook a 10 day field trip to Naqua, where they observed all of the shrimp and fish production facilities. They worked alongside other companies who provided due diligence for legal, financial, organisational, commercial, and biological services.</p> <p>Saudia Arabia-headquartered NAQUA operates 80 nurseries, 77 super-intensive ponds, and 547 open inland ponds spread over 4,485 hectares, with an annual production capacity of 90,000 metric tons (MT) of shrimp, according to its website. It also operates an aquafeed mill and 20 net-pens farming 15,000 MT of barramundi annually, and a sea cucumber broodstock unit, hatchery, grow-out facilities, and processing plant. NAQUA is a leader in the aquaculture sector. It is one of the largest producers of Vannamei shrimp and Seabass globally, with a production capacity reaching more than 60,000 tons annually, exporting to more than 30 countries worldwide.</p> <p>The Minister of Environment, Water and Agriculture (MEWA) and Chairman of the board of directors of SALIC, Abdulrahman AlFadley, said that the strategic partnership with NAQUA comes within the framework to achieve the objectives of the Kingdom’s Vision 2030 in the field of ensuring the sustainability of vital resources.聽 The Vision 2030 plan calls for Saudi Arabia to achieve 600,000 metric tons of aquaculture production by 2030.</p> <p>This is in addition to achieving SALIC’s strategic goals of attaining national objectives for food security and empowering the agri-food sector by enhancing local production, which will be reflected in narrowing the trade balance deficit.</p> <div id="attachment_13110" style="width: 710px" class="wp-caption alignnone"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-13110" class="size-medium wp-image-13110" src="https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-700x147.jpg" alt="SALIC Aquaculture" width="700" height="147" srcset="https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-700x147.jpg 700w, https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-1400x294.jpg 1400w, https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-1536x323.jpg 1536w, https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-2048x430.jpg 2048w, https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-960x202.jpg 960w, https://www.macalister-elliott.com/wp-content/uploads/2023/07/SALIC-Image-600x126.jpg 600w" sizes="(max-width: 700px) 100vw, 700px" /></p> <p id="caption-attachment-13110" class="wp-caption-text">SALIC Aquaculture</p> </div> </div> <div id="maincontent" class="small-12 medium-12 large-3 xlarge-3 cell"> <div id="anchortop"></div> <div data-sticky-container> <div id="sidebar" class="panel callout" data-sticky data-top-anchor="anchortop:top" data-btm-anchor="anchorbottom:bottom" data-sticky-on="large" > <div class="sidewidget sidebar_four menu"> <h5 class="widget margintoptwenty">Recent Posts</h5> <ul> <li> <a href="https://www.macalister-elliott.com/news/mep-drives-sustainable-fisheries-development-in-djibouti-with-key-study/">MEP Drives Sustainable Fisheries Development in Djibouti with Key Study</a> </li> <li> <a href="https://www.macalister-elliott.com/news/managing-marine-resources-through-spatial-planning-in-kiribati/">Managing Marine Resources Through Spatial Planning in Kiribati</a> </li> <li> <a href="https://www.macalister-elliott.com/news/charting-the-future-of-seaweed-farming-in-the-uk/">Charting the Future of Seaweed Farming in the UK</a> </li> <li> <a href="https://www.macalister-elliott.com/news/taking-stock-mep-and-oceanas-report-sheds-light-on-the-state-of-uk-fisheries/">Taking Stock: MEP and Oceana’s Report Sheds Light on the State of UK Fisheries</a> </li> <li> <a href="https://www.macalister-elliott.com/news/mep-provides-technical-due-diligence-advice-salic-strategic-partnership-empower-saudi-aquaculture-sector/" aria-current="page">MEP Advises SALIC on Aquaculture Due Diligence</a> </li> <li> <a href="https://www.macalister-elliott.com/news/carbon-reporting-in-the-aquaculture-sector/">Carbon Reporting in the Aquaculture Sector</a> </li> <li> <a href="https://www.macalister-elliott.com/news/publication-of-illuminating-hidden-harvests/">Publication of Illuminating Hidden Harvests</a> </li> <li> <a href="https://www.macalister-elliott.com/news/low-impact-fisheries-model-in-jersey/">Low Impact Fisheries in Jersey</a> </li> <li> <a href="https://www.macalister-elliott.com/news/sofia-offshore-windfarm-commercial-fisheries-compensation-strategy/">Sofia Offshore Windfarm Commercial Fisheries Compensation Strategy</a> </li> <li> <a href="https://www.macalister-elliott.com/news/risky-seafood-business/">Risky Seafood Business</a> </li> </ul> <div class="clearboth"></div></div></div> </div></div> </div> </div> <div id="anchorbottom"></div> </div> <footer> <div id="footerwrapper"> <div id="footercontent" class="grid-container full"> <div class="grid-x"> <div id="textpanel" class="small-12 large-5 xlarge-4 cell"> <div class="sidewidget sidebar_three"><h4 style="color:white;" class="widget margintoptwenty">Contact MEP</h4> <div class="textwidget"><p>MacAlister Elliott & Partners are always interested to hear your feedback or enquiries about our services and website. 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