{"id":27894,"date":"2020-01-28T13:05:00","date_gmt":"2020-01-28T18:05:00","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=27894"},"modified":"2020-01-28T13:05:00","modified_gmt":"2020-01-28T18:05:00","slug":"aquaculture-50-million-investment-approved","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/aquaculture-50-million-investment-approved\/","title":{"rendered":"Aquaculture: $50 Million Investment Approved"},"content":{"rendered":"

\"\"<\/a><\/p>\n

The Panamanian government has authorized Forever Oceans Panama, S.A. to invest $50 million in a fish farming project in Charco Azul Bay, Puerto Armuelles.<\/p>\n

Aquatic Resources Authority (ARAP) administrator Flor Torrijos handed over the resolution authorizing the fish<\/a> farming operation in an area of more than 58,000 hectares to company representatives, the Presidency reported.<\/p>\n

You may be interested in “Frozen shrimp: Sales to UK up 19%<\/u><\/a>”<\/p>\n

From the Panama<\/a> Presidency’s statement:<\/p>\n

January 16th, 2020.<\/strong> The Agricultural Cabinet, held this Thursday in Chiriqui, authorized the company Forever Oceans Panama, S.A. to invest<\/a> 50 million dollars for the development of a fish farming project (mariculture) in Charco Azul Bay, an activity that will produce hundreds of jobs in the battered region of Puerto Armuelles.<\/p>\n

The delivery was made during the Agricultural Cabinet Council held this Thursday in David, Chiriqui.<\/p>\n

Flor Torrijos, indicated that with the authorization, the company begins the first phase of the project with the training of the personnel that will work in the place.<\/p>\n

She said the project will generate a significant number of jobs for the inhabitants of Puerto Armuelles. The jobs will be for biology professionals, and others dedicated to fishing and administration.<\/p>\n

She said that the company will install in the first stage two cages on a 58,000-hectare area, of which 20 percent is for production and the rest for the conservation and protection of marine species.<\/p>\n

The ARAP administrator said that the installation of the cages will attract more fish species to the waters of the bay, which will benefit the artisanal fishermen.<\/p>\n

The National Government seeks to reactivate the economy of the impoverished region of Baru, which also includes an investment of more than $18 million with the construction of the new pier in Puerto Armuelles, a sector forgotten by the last administrations.<\/p>\n\n

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    The Panamanian government has authorized Forever Oceans Panama, S.A. to invest $50 million in a fish farming project<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[242,12,241,39,248,34,33,62,42,219,11,249,243,7,255,246,244,260],"class_list":["post-27894","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-panama-real-estate-bocas-del-toro","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama-rent-in-boquete"],"yoast_head":"\nAquaculture: $50 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