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Chinese aquaculture giant to expand in S. Arabia and Asia

Chinese feed and aquaculture giant Guangdong Evergreen Group is planning to expand in the Middle East and Southeast Asia after completing its $86 million project in Egypt.

guangdong_evergreenChinese company Guangdong Evergreen Group, which has a turnover of over $1.5 billion, has signed a deal with the Saudi Arabian royal family for an integrated aquaculture project. Dan Chen, the founder of Evergreen, was recently in Saudi Arabia to sign the deal and meet with the country’s royal family. The project close to completion in Egypt is mainly for tilapia, but the plan in Saudi Arabia is to focus on farming ocean fish and shrimp, as well as feed production and processing.
Evergreen is also looking to do an integrated project in Kuwait in the future. Also, the company has plans to build feed factories in Malaysia and Indonesia and also a shrimp processing plant in Vietnam, in the next five years. The plan is to have two feed factories in Malaysia and two in Indonesia.

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