Seaqua, based in Bangladesh and focused on revolutionizing the fisheries and aquaculture industry, has reportedly secured a significant foreign direct investment (FDI) from notable investors in the Middle East recently, according to a press release.
This funding is a major boost for Seaqua, enabling it to expand its team and operations to fully tap into the potential of the blue food industry.
Bangladesh, with its impressive contribution of 3.61% to its GDP from a $600 million export market in fisheries (as of 2022), demonstrates the sector’s importance. The fisheries industry not only contributes about $9.42 billion to the national GDP but also provides 60% of the country’s annual protein intake and supports over 12% of the population.
Seaqua has identified and is addressing key challenges in this market. With predictions of the global seafood market reaching $730 billion by 2030, Seaqua’s innovative strategies place it at the forefront of this thriving sector. The recent investment allows Seaqua to enhance its operations, focusing on improving supply chain efficiency, implementing advanced technology, and promoting transparency, thereby benefiting fisheries and aquaculture producers.
This development is in line with Seaqua’s ambitions to make a significant impact both locally and globally, in sync with the government’s projection of a $5 billion seafood export by 2027. Founder Amirul Mostafa Arefeen’s vision includes the use of blockchain technology for traceability maps, aiming to close the blue finance gap and encourage sustainable practices. By 2026, Seaqua aspires to create a transparent and traceable global blue food value chain.
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