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The Japanese seafood company has already established salmon and trout farming operations in Denmark and is due to begin trials at its aquaculture business in Latvia.

Although it included participation of existing investor Tor Investment Management, the operation was led by funds managed by affiliates of Fortress Investment Group.

The two-year project will focus on developing a sustainable fishery value chain in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).

ARK will provide production facilities to cultivate 30,000 tons of fish, which is the Abu Dhabi government's production target for 2030.

FRD is already in discussions with potential buyers and has conducted trial sales, paving the way for shipments to begin in 2027.

Jan Eirik Johnsen, currently Head of Analysis for Pelagic Fish and Key Account Manager for Pelagic Species at headquarters, will take up his new position in July.