Facts

Why Somaliland?

somaliland_shore_map (1)

In 2004 the United Nations Development Program (UNDP) estimated the sustainable catch at 90,000 to 120,000 tonnes pa, with less than 5% being harvested by local fishermen.

  • The gulf of Aden is one of the most productive seas in the world.
  • Rich feeding and nursery grounds for more than 600 fish species.
  • High value species like tuna, lobster, cuttlefish, shrimps, shark and many more.

Fish industry is a global market:

fish_Capture_production

  • Capture (wild fish) landings plateaued 25 years ago at 90 million tonnes pa.
  • Fish prices up +50% over 10 years and increasing partly due to demand from China and developing countries.

Pontus Marine’s Main Products:

  • Tuna
  • Whole Fresh Fish – chilled
  • Fish fillets – fresh chilled and vacuumed packed
  • Premium fish – fresh chilled and vacuumed packed
  • Lobster – live
  • Shark – dried
  • Other – Phase 2 (not in financials); low value fish to be dried or processed into Fish Feed pellets for export.

Tuna

 

Potential Local Markets:

frozen_fish

  • Wholesale: Shops and Hotels:
  • Somaliland (population ~ 3.5m)
  • Ethiopia (population ~ 85m) – export license in progress

 

Airfreight Wholesale:

  • UAE (population ~ 8m).
  • Saudi (population ~ 28m).
  • China (population ~ 1,340m) – consumes +50% of the world’s lobster.