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The Swedish circular land-based aquaculture developer said the agreement reinforces the Canadian company's role as a long-term development partner in the Americas.

The company stated that these partnerships, which have developed over time and have now been formalized, are crucial for the development of its site.

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

A controlled tank system at the Scottish Association for Marine Science in Oban has improved survival rates and enabled year-round growth of dulse, a valuable species for food and industrial uses.

Revenue from land-based projects almost doubled in the final quarter, supported by a major contract with Norwegian post-smolt producer Tytlandsvik Aqua.

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