LABUAN, Jan 14- The long-established tuna industry in Labuan has the potential for further development, offering substantial benefits to the local economy and creating more employment opportunities.

Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa highlighted Labuan's emerging status as a potential global hub for the tuna industry, thanks to its international business networks.

She said this after visiting the site in Patau-Patau , Labuan

Dr Zaliha noted that Labuan Food Industries has been a key player in commercial fishing, manufacturing, exporting, and trading of frozen seafood, particularly tuna, in the past 35 years.

She said Labuan Food Industries stands out as a major exporter of tuna to key markets, including the United States, Europe, and Oceania.

Dr Zaliha pointed out that the global tuna industry is currently valued at approximately US$42 billion (US$1=RM4.49) and is projected to grow to US$54 billion by 2032.

She highlighted the immense potential for Labuan to transform into a world-class tuna processing hub, generating substantial economic value for the local community.

Dr Zaliha added with a strong ecosystem and robust support, Labuan is well-positioned to lead the global tuna industry, thereby strengthening Malaysia’s presence on the international stage.