United Arab Emirates-based ALEC Engineering and Contracting LLC and Norwegian recirculating aquaculture system (RAS) supplier MAT Filtration Technologies and MAT-KULING are joining forces to grab a piece of the actions in UAE and Saudi Arabia growing land-based aquaculture sector.
The exclusive strategic partnership formed by the companies is meant enable them to provide turnkey solution for several of the region’s upcoming megaprojects. The partnership will leverage MAT-KULING’s RAS offerings which are especially designed to require less fresh water, a press release said.
“…our partnership with MAT Filtration Technologies and MAT-KULING is a strategic step which will combine the strengths of both companies to provide a cost-effective, state-of-the-art solution for aquaculture thereby supporting the region’s longer-term, self-sufficiency targets,” according to Kez Taylor, chief executive officer of ALEC.ADVERTISEMENT
Taylor also said his company is “seeking to broaden our scope by looking at future water treatment projects and integrated filtration systems, thanks to MAT-KULING’s diverse range of technological solutions.”
Land-based aquaculture investments in the region has been rising in recent years.
Earlier this year, UAE-based Abu Dhabi Catalyst Partners channeled investments in 8F Asset Management’s land-based aquaculture fund, which reached its final close of $ 358.8 million.