Norwegian Expertise Meets Moroccan Waters: Halieutis Fair 2025 Highlights Alta Mar's Transformative Project
This side event highlighted the success of Norwegian-Moroccan collaboration in advancing sustainable aquaculture practices. Alta Mar, a Norwegian/Moroccan company, focuses on cultivating high-value warm-water species including Atlantic Bluefin Tuna (Thunnus thynnus), Seabass (Dicentrarchus labrax), Seabream (Sparus aurata), Greater Amberjack (Seriola dumerili), and Meagre (Argyrosomus regius). The project, currently under construction, is set to be operational by Q4 2025 and represents an investment of approximately 200 million Moroccan dirhams (20 million euros). Alta Mar is among the few globally capable of successfully cultivating Atlantic Bluefin Tuna, a significant milestone in sustainable aquaculture.
Event Highlights:
Opening Speeches:
Mrs. Majida Maarouf, Director of the National Aquaculture Development Agency (ANDA), and Mrs Silje Vevatne, deputy head of the Norwegian Embassy, delivered insightful speeches emphasizing the importance of bilateral cooperation in fostering innovation and sustainability in aquaculture.
Keynote Presentation:
Mr. Jan-Helge Dahl, Chairman of Alta Mar, outlined the project's transformative potential for Morocco's aquaculture industry. He detailed the integrated approach of Alta Mar, encompassing a hatchery, offshore pens, and a state-of-the-art processing unit designed to sustainably cultivate high-value species.
Ambassador's Quote
H.E. Mr. Sjur Larsen, Norwegian Ambassador to Morocco, could not attend in person, but made the following statement; 'Aquaculture is one of the most important industries in Norway, and The Norwegian Embassy in Morocco sees many very interesting possibilities for developing bilateral contacts and cooperation in this profitable and promising sector. We have been following closely Alta Mar's engagement in Morocco as an example of innovation and investment in aquaculture.'
Key Achievements of Alta Mar:
Pioneering Atlantic Bluefin Tuna Aquaculture: Alta Mar is one of the only companies globally to successfully produce this high-value species in aquaculture, marking a breakthrough for the industry.
Integrated Project Components: The Safi-based project comprises:
A hatchery covering 23,000 square meters for breeding premium fish stock.
Offshore pens spanning 750,000 square meters with cutting-edge technology for sustainable farming.
A processing unit of 80,000 square meters meeting international standards for seafood production and export.
Job Creation and Economic Impact: Alta Mar will generate over 400 direct jobs and 1,200 indirect jobs, significantly boosting the local economy and livelihoods.
Food Security: By producing high-value fish species, Alta Mar contributes to Morocco's food security and provides a sustainable protein source for local and global markets.
Training and Knowledge Transfer: A collaboration with leading Norwegian research institutions will provide comprehensive training programs, ensuring skill development and knowledge sharing with local talent.
Environmental Commitment: Alta Mar is committed to sustainability, leveraging advanced technologies to minimize environmental impact while maximizing efficiency.
Interactive Q&A Session:
The event concluded with a dynamic Q&A session where experts and stakeholders discussed Alta Mar's role in complementing existing industries, particularly the tuna sector. Attendees explored the project's potential to strengthen Morocco's seafood exports and its alignment with sustainability goals.
Recognition of Local Authorities:
Acknowledgment was given to local and regional authorities, including the administration of the Marrakech-Safi region, ANDA, the Safi region authorities, and CRI and CRUI representatives, for their pivotal role in supporting the project's success.
Distributed by APO Group on behalf of Alta Mar.
For further information or media inquiries, please contact:
Zayed Bennani
Chief Operating Officer, Alta Mar
+212607843707
zb@altamar.no
About Alta Mar:
Alta Mar is a leading Norwegian aquaculture company committed to sustainable seafood production. Operating in Safi, Morocco, the company specializes in cultivating premium warm-water species such as Atlantic Bluefin Tuna, Seabass, Seabream, Greater Amberjack, and Meagre. Its mission is to provide high-quality, sustainably produced seafood to local and international markets, driving economic growth, food security, and environmental stewardship. Strategically headquartered in Casablanca Finance City, Alta Mar ensures efficient distribution to Europe, North America, and the Middle East, leveraging Morocco's strategic location.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Arabian Business
21 hours ago
- Arabian Business
UAE gold reserve surges 25.9% in first five months of 2025 to $7.88bn
UAE's gold reserves increased by nearly 25.9 per cent during the first five months of the year. The Central Bank of the United Arab Emirates (CBUAE) said the value of gold held by the country increased to AED 28.933 billion (US$7.88 billion) at the end of May, up from AED 22.981 billion (US$6.26 billion) at the end of December 2024. According to the Central Bank's statistical bulletin issued on Thursday, the CBUAE's gold holdings rose by 0.49 per cent month-on-month in May. Demand deposits also grew, exceeding AED 1.166 trillion (US$320 billion) by the end of May, compared to AED 1.109 trillion (US$300 billion) at the end of December 2024. Of this total deposit, AED 892.577 billion (US$243.04 billion) were in local currency and AED 274.329 billion (US$74.7 billion) in foreign currencies. Savings deposits rose to AED 359.57 billion (US$97.91 billion) at the end of May, up from AED 317.48 billion (US$86.45 billion) at the end of last year. This included AED 305.508 billion (US$83.19 billion) in local currency and AED 54.062 billion (US$14.72 billion) in foreign currencies. Time deposits exceeded AED 1 trillion to AED 1.013 trillion (US$275.9 billion) for the first time by the end of May, including AED 614.854 billion (US$167.42 billion) in local currency and the rest in foreign currencies.


Al Etihad
a day ago
- Al Etihad
ADNEC Group awarded UAE Year of Sustainability Seal for landmark progress on green initiatives
21 Aug 2025 00:54 ABU DHABI (ALETIHAD)ADNEC Group has been officially recognised with the 'Plan to Action: Year of Sustainability's Seal' for its tangible, data-backed achievements in environmental stewardship and sustainable innovation. The award was granted following a national open call to UAE-based organisations demonstrating measurable, creative, and community-driven sustainability efforts aligned with the goals of the Year of Sustainability seal, awarded through the UAE's Year of Sustainability initiative, marks a continuation of the national drive to embed sustainable actions across all sectors. This year's focus shifted from learning to doing, encouraging organisations to act across four areas: green transport, energy and water conservation, responsible consumption, and planting wisely. ADNEC Group's submission was recognised for its ambitious, system-wide sustainability efforts. ADNEC Centre Abu Dhabi is now fully powered by clean energy - sourced from solar, wind, and nuclear - through a Clean Energy Trade Agreement with EWEC. This offsets all electricity-related carbon emissions via International Renewable Energy Certificates (IRECs) accredited by the Abu Dhabi Department of Energy, making it the first and largest event venue in the Middle East to achieve this milestone. In parallel, the group has introduced AI-driven HVAC systems at the venue, projected to reduce annual electricity consumption by 20%, or approximately 6 million kilowatt reduction and circularity have become central to the group's operations. More than half of all waste across ADNEC Group's business clusters is now recycled, and, the catering arm of the ADNEC Group, Capital Catering's facilities process up to 1,200 kg of food waste per day into compost or a dry soil enhancer. Used cooking oil is also converted into biodiesel. Meanwhile, TerraTile - a 100% recycled, modular flooring system developed with Terrax -turns event waste into durable flooring, offering a recyclable, UAE-made alternative to conventional stand materials. Additionally, when TerraTiles reach the end of their life cycle, they, in turn, can be recycled to produce new engagement was a key element of ADNEC Group's application. Through partnerships with Tadweer, Ne'ma, and the UAE Red Crescent, the group donates unserved food, expands public awareness campaigns, and encourages responsible waste behaviours at 2024, ADNEC Group contributed Dh8.566 billion in Gross Value Added (GVA) to Abu Dhabi's economy, marking a significant increase from Dh7.4 billion in 2023. The group also supported more than 62,000 jobs across the UAE - up from approximately 51,000 the previous year. Additionally, employee volunteerism nearly doubled year-on-year, with total volunteer hours reaching close to 27,000 in 2024 compared to 13,000 in 2023, underscoring ADNEC Group's growing social and economic recognition from the Year of Sustainability reflects ADNEC Group's broader Net Zero strategy, which includes a full assessment of Scope 1, 2 and 3 emissions and a defined transition plan aiming for a 25% reduction in carbon footprint per employee by 2030. ADNEC Group has also awarded a rooftop solar photovoltaic (PV) project at ADNEC Centre Abu Dhabi, expected to generate more than 8.5 million kilowatt hours of renewable energy in its first year.


Arabian Post
a day ago
- Arabian Post
Norway's Wealth Fund Expands Bitcoin Holdings to Record Levels
Norway's Sovereign Wealth Fund, managed by Norges Bank Investment Management, has achieved a new milestone in its investment portfolio with an increased exposure to Bitcoin. This exposure, reaching a record high, is now valued at the equivalent of 7,161 Bitcoin, achieved through investments in companies that hold Bitcoin on their balance sheets. This move signifies a notable shift in the fund's diversification strategy, as it moves further into the digital asset space. The fund's strategy typically involves investing in a broad spectrum of assets, including global equities, bonds, and real estate. However, the rising value of cryptocurrencies and their growing acceptance in mainstream financial markets have prompted the fund to increase its indirect exposure to Bitcoin. NBIM's current indirect holdings represent a stake in Bitcoin through companies that have embraced cryptocurrency, such as MicroStrategy and Tesla, which have allocated significant portions of their balance sheets to the digital currency. With Bitcoin's price having seen significant volatility over the years, the fund's exposure to the digital asset has raised questions about the risks and benefits of investing in such a volatile commodity. As of the latest figures, the total value of these Bitcoin-linked investments stands at approximately 1,387 Norwegian kroner per Norwegian citizen, based on the current exchange rates and Bitcoin's market price. ADVERTISEMENT This development underscores the growing integration of digital currencies into traditional investment portfolios. The Norwegian Sovereign Wealth Fund, traditionally focused on more conventional assets, has now ventured into a more speculative investment arena. While the fund's management has assured that this exposure remains minimal compared to its total assets, the move reflects broader trends within institutional investment. NBIM's strategy aligns with increasing interest among large-scale investors in diversifying into Bitcoin and other cryptocurrencies. Over the past few years, several prominent investment funds and financial institutions have adjusted their portfolios to include Bitcoin as a hedge against inflation or as a long-term store of value. These entities view Bitcoin's finite supply and its potential as an alternative investment vehicle in a world of low-interest rates and global economic uncertainties as key drivers behind their investment decisions. However, the fund's Bitcoin exposure remains highly indirect. Instead of holding Bitcoin directly, NBIM's stake comes from investments in companies like MicroStrategy, whose CEO, Michael Saylor, is a known advocate for Bitcoin. Tesla, another key player in the space, made headlines in 2021 when it disclosed its investment in Bitcoin, which led to an immediate surge in the digital currency's value. The Norwegian government, which oversees the fund's operations, has expressed cautious optimism about its cryptocurrency exposure. While the fund is generally conservative in its investment approach, there is recognition that digital assets could play a role in long-term portfolio diversification. The Fund has made it clear that its current exposure is small and that the risk of loss is something it continues to monitor. While Bitcoin has proven to be an incredibly volatile asset, some argue that its performance over time, including periods of significant appreciation, has made it an attractive speculative asset. Proponents believe that as Bitcoin becomes more integrated into the financial system and more institutional investors enter the market, its volatility will decrease, and its value will continue to appreciate in the long term. Conversely, critics caution that Bitcoin's lack of intrinsic value and its exposure to regulatory scrutiny could render it a risky bet for long-term investors. ADVERTISEMENT The Norwegian Sovereign Wealth Fund's growing interest in Bitcoin is part of a wider trend that is seeing institutional investors increasingly embrace digital currencies. In addition to companies like MicroStrategy and Tesla, several other financial entities have made substantial investments in Bitcoin, such as Grayscale Investments and the publicly traded Bitcoin ETF, which tracks the price of Bitcoin directly. As this trend continues, it raises broader questions about the role of cryptocurrencies in the global financial system. While Bitcoin and other digital assets were once viewed primarily as speculative investments or a form of digital gold, they are now starting to be considered by more traditional investors as part of a diversified investment strategy. The Norwegian Sovereign Wealth Fund's increasing exposure to Bitcoin may serve as a bellwether for other institutional investors contemplating similar moves.