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Support for Business Development and Investment Opportunities in Fisheries - TCP/SEY/3805​

Year of publication 2025

Place of publication Rome, Italy ;

Pages 7

Publisher FAO ;

Product type Project

Synopsis (short abstract) In Seychelles, the fisheries sector includes several processors engaged in various fish processing activities on a commercial basis for both local markets and exportation. The country has undergone several business reforms in recent years, including the approval of a new investment policy in 2018, which aims to create a predictable and stable environment for private sector investors. Significant local and foreign direct investments have flowed into the fisheries sector and related industries as the government advances its Blue Economy initiative. To support the development of the fish processing and value addition sector, the Government of Seychelles has set up fish processing facilities in Providence and Belombre, encouraging local investors or partnerships with foreign entities to invest in these facilities. Furthermore, local investors have started processing bycatch from industrial purse seiners for export. Additional investment opportunities are available at Ile du Port Zone, where land is designated specifically for fisheries-related development. In this context, the Government of Seychelles sought assistance from the Food and Agriculture Organization of the United Nations (FAO) to help address the challenges entrepreneurs face in entering and operating within the business sector, particularly in the fisheries post-harvest industry. This support was delivered through the implementation of the current project.

Language English

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