Egypt’s fish production is increasing at an average of 7.5% per year. This indicates that the Aquaponic farmproject in Egyptis one of the most important current investments, especially in light of Egypt’s 2030 vision to encourage non-oil investment and boost the national economy.
What is Aquaponics?
The aquaponics system combines plant cultivation with fish farming, relying on fish waste to feed the plants. In turn, the plants purify the water for the fish. by following a cycle that prevents the conversion of nitrates from fish waste. And the remnants of feeding. The plant relies on absorbing natural nitrate as an organic fertilizer and preventing nitrate from turning into ammonia.
In 2020. The global aquaculture market is valued at USD 301.95 billion and is expected to reach USD 448.06 billion in 2027, achieving a CAGR of 5.8% during the forecast period.
Mashroo3k Consulting recommends by investing in the Aquaponic Farm project. According to the latest economic data and analysis, Egypt’s fisheries sector is one of the most promising sectors for double-digit growth during the current period. Here are some of the indicators that incentivize investing in a project Aquaponic Farm:
The average annual growth in the amount of fish production in Egypt is 7.5% (2015_2021).
The average annual growth in the value of fish production in Egypt is 27.6% (2015_2021).
_ by 2027. Egypt’s total fish production is expected to rise to 3,072,915 tons, up from the current 2,038,991 tons.
