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PIA Press Release
2009/02/19

PGMA, investors visit Samal Mariculture Park

By Mai Gevera

Davao City (19 February) -- President Gloria Macapagal-Arroyo will bring along Chinese and Thai investors today (February 19) to look into the investment opportunities of the Samal Mariculture Park in the Island Garden City of Samal (IGACOS).

The said aqua-industrial park is a national project of the Bureau of Fisheries and Aquatic Resources (BFAR) to address the declining productivity in capture fisheries.

It offers a promising strategy that can have enormous impact both on socio-economic growth and food security.

The mariculture park is modeled from an industrial park which delineates a mariculture zone, provided mooring systems and devices, subdivided the area into zones, blocks, and lots.

Local and foreign investors started coming in the area since 2001. The first harvest made in 2002 yielded 14 tons from two 10 by 10 meter demo cages. Five tons of which are given to the flood victims in Davao City while half ton is for the fisherfolks in IGACOS.

The actual mariculture operation in the area as of 2008 has already reached 49 cages and produced a total volume of 234,394 kilograms.

In terms of employment, the mariculture park has generated 9,000 jobs for the direct services and 6,000 jobs for ancillary services.

With the park, fish production is maintained at 630 metric tons per year, at 30 cages per hectare.

The park impacts socialized "mariculturing" as big locators are required to construct counterpart fish cages for small fisherfolks and cooperatives.

The LGU has also promoted cooperative development as four fisherfolks cooperatives were given fish cages.

With the coming in of more investors, the park is then seen to accommodate other business opportunities like fingerlings production, feeds production, manpower services, and more.

PGMA is leading the government in promoting business opportunities in this aqua-industrial park.

An investor would only need about P500,000 as a start-up capital that would include a cage, fingerlings, and operating expenses. Gross sales in one cropping is expected to reach P630,000, with 7 tons at P90 per kilo.

One is urged to invest in the mariculture park with its excellent location, clean water, reasonable rental, availability of technical assistance, and availability of financial windows from private and government lending institutions. (PIA XI) [top]

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