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Ocean Family signs the JV agreement with Kiribati government
2019-4-26

On 30th March,at Tarawa, the capital of Kiribati, Ocean Family and Kiribati government host the signing ceremony of the joint venture of tuna fishing.  Mr. Zengyue xiang, the general manager of Ocean Family, and Mr. Tetabo Nakara, the minster of the Ministry Fisheries and Marine Resources Development of Kiribati, on behalf of each party, sign the agreement and have the speech respectively. Honorable Taneti Mamau, the president of Kiribati, the former speaker of Parliament of Kiribati, the cabinet minister and other guests also attend the ceremony. This is the first time on the history of fisheries of Kiribati, demonstrating Kiribati government’s extreme concerns to the JV project.


 
 
Above Figure: His Excellency Taneti Mamau, the president of Kiribati (left first); Mr. Zengyue xiang, the general manager of Ocean Family (left second); Mr. Tetabo Nakara, the minster of the Ministry Fisheries and Marine Resources Development of Kiribati (right first)

This JV project is the another “big success”, following the establishment of Kiritimati Island Fish Limited at the end of last year, and also the biggest overseas investment project of Ocean Family so far, with the total amount of the investment of more than 100 million U.S. Dollars. Proactively responding to the “B & R Initiative” strategy of Chinese government, to deploy actions at Pacific Island countries and to construct “the Marine Silk Road” together with Kiribati, will not only become new sources of the economic growth for Ocean Family, but also further drive the implementation of the 20 years development plan of fisheries designed by Kiribati government to write the new chapter of the development of fisheries, to increase the income for local governments, and to create more job opportunities for more fishermen, having far-reaching significance.
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