Since the arrival of Seychelles' first inhabitants, the country has relied on the rich, surrounding fishing grounds to support its economy. In more recent years, fishing in Seychelles' waters has developed from an industry intended primarily to sustain the local population to one able to compete internationally as a vital foreign currency earner for Seychelles.
Today, a thriving, Seychellois-dominated, artisanal and semi industrial sector supplies the local market and sends high value-added fisheries products to the international market.
Industrial fisheries are led by purse-seiner tuna fishing boats, which maintain a steady supply to the world's second largest tuna cannery, Indian Ocean Tuna (IOT ), owned by MW Brands 60% and SSI 40% based in Victoria.
We look forward to value creation in the fisheries sector, expansion into new markets for the under-exploited species and safe guarding the ones currently being exploited. Coupled with these aspirations, are support services giving birth to the Blue Economy concept which aims for sustainable economic development based around an ocean-based economy.
Below are a few opportunities:
Mari & Aqua Culture
Aquaculture in Seychelles has great potential. The ambient environmental characteristics of Seychelles coupled with the new investment incentives on offer will make this sector irresistible to prospective investors.
For more information on this type of opportunity, contact the Seychelles
A wide variety of opportunities exist in the processing and value addition of tuna, such as tuna loins, sashimi, sushi, and tuna steaks for the international market. Other tuna-like species have also been identified as having potential for processing and export.
In addition, the expected growth in the tourism sector will generate increased local demand for the supply of Seychelles' seafood. In 2009, the Government launched the Fisheries Development Fund to assist Seychellois to venture in this activity with a possibility of joint ventures with foreign investors.
Retail/Distribution Centre for Marine Equipment’s
Opportunities exist for the retail and distribution of marine and fishing equipment. With the ever-increasing number of fishing and yachting activities including sports fishing, opportunities exist for the retail and distribution of marine and fishing equipment.
Through the availability of such facilities, local boat owners as well as the foreign owned vessels will enjoy a choice of supplies with areas earmarked for such activities covered in the port redevelopment plan. These activities may be under-taken in partnership with Seychellois entrepreneurs.
Marine/Electronic Repair Shop
The rapid growth in maritime traffic, charter boats, fishing vessels, yachts and other maritime-related activities has led to an ever increasing demand for repair facilities. Seychelles’ pristine environment makes it difficult to embark on a major dry dock project but possibilities do exist for small marine, electronic and boat repair facilities. This will enhance the services already being offered for net repairs.