First dedicated fish market in Vladivostok to cost $ 37 million

The first specialized fish market in Vladivostok should start operating in 2024, according to the governor of the Primorsky Territory (Capital Vladivostok) Oleg Kozhemyako.

"Far Line DV LLC, a resident of the free port of Vladivostok, is implementing a project to build a fish market in the Capital of the Far East. For this purpose, a land lease agreement has already been concluded between the administration of the city of Vladivostok and the resident. In the second half of 2021, the investor plans to obtain a permit for the construction of the facility, and the market should start working already in 2024," Kozhemyako said.

The governor added that it will be a traditional retail and small wholesale fish market with restaurants, food courts and food markets.

"An example is the fish markets of Japan, Korea and Australia, which combine the commercial and HoReCa segments. Vladivostok, indeed, is the optimal platform for the fish market. We just need an establishment with a new modern concept that will be convenient for both buyers and suppliers," Kozhemyako said.

Earlier it was reported that investments in the construction of the first specialized fish market in Vladivostok will amount to 2.7 billion rubles (ca. $.37 million).

The co-investors of the project are the South Korean holding Hanaro Holdings (specializing in the organization of the auction fish trade) and the Japanese Kiyomura Corporation. The initiator of the project is Aquatechnologies LLC (Vladivostok), which owns its own vessels and a processing plant for the catch and marine culture production.