An Israeli group has proposed growing one million pounds of Australian sea bass for export, annually, in a fish farm.
The proposal has been accepted by the Cabinet of Antigua and Barbuda.
The farm would cost more than US$25 million dollars to build and to operate according to the government.
The investors had been invited to Cabinet last Wednesday, but the Cabinet meeting was switched to last Friday, June 1, 2018.
The Commissioner for projects, therefore, implementation made the presentation on their behalf.
“The Cabinet approved the project following examination of the documentation and asked the Commissioner to proceed with having the land surveyed and the lease drawn-up,” a statement from cabinet said.
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