China invests $100 million in Mauritania fishing

Poly Technologies Inc’s deal with Nouakchott includes construction of fish factory, building fishing boats.

NOUAKCHOTT – China’s Poly Technologies Inc is to invest 100 million dollars (around 73 million euros) in Mauritania’s key fishing industry, the official AMI news agency reported Monday.

The announcement, including of the construction of a fish factory able to produce 44,000 tonnes of food a year, comes after the company signed an agreement with Mauritania’s fisheries ministry.

The agreement also provides for building fishing boats and developing “value added” fish products.

AMI said the move would create 2,500 direct jobs and allow Mauritania “to have a highly qualified workforce in transforming fish products, in naval construction, machine maintenance and management.”

Fishing is a key part of the economy of Mauritania, most of which is desert.

This content was commissioned for middle-east-online.com

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