Cold Storage Infrastructure

Cold Storage Infrastructure

Photo by UNDP Mauritius & Seychelles

Cold Storage Infrastructure
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Business Model Description

Build cost-effective and solar-powered cold warehousing facilities with high infrastructure connectivity, such as the ones established adjacent to the seaport and the international airport, to store processed frozen food at minus 20 or minus 40 degrees Celsius, including fish and other seafood products that will be either exported, re-exported, or are imported for use in the domestic market. Work with a firm customer base from fish processors, especially in the tuna industry, and artisanal fishers or smallholders to big agricultural and livestock producers, eliminating the risk of cross-contamination.

Expected Impact

Enhance processors' and small-scale producers' access to capital-intensive market infrastructure, increasing value added from key sectors.

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in GPM)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
> USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Decent Work and Economic Growth (SDG 8) Life Below Water (SDG 14)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Industry, Innovation and Infrastructure (SDG 9) Partnerships For the Goals (SDG 17)
Sector Sources
  • 1) Republic of Seychelles Climate Change and Energy Department of the Ministry of Agriculture, Climate Change and Environment. 2021. Seychelles’ Updated Nationally Determined Contribution. 2) Xie, Daniel; Rice, Harold; Rolf, Brett; Rumschlag, Jacob. 2019. Evaluating the Impacts of Sea Level Rise and Storm Surges on Seychelles' Critical Infrastructure. 3) Republic of Seychelles Ministry of Finance, Trade, Investment & Economic Planning, Economic Planning Department. 2020. Voluntary National Review 2020. 4) Ministry of Environment, Energy and Climate Change. 2018. Seychelles National Waste Policy 2018-2023. 5) World Bank. 2017. The Republic of Seychelles Systematic Country Diagnostic. Washington, DC: World Bank. 6) Ministry of Finance, Trade, Investment and Economic Planning. 2019. Seychelles National Development Strategy 2019-2023. 7) Ministry of Finance, National Planning and Trade. 2021. Budget 2022 Speech delivered by Naadir Hassan, Minister for Finance, Economic Planning and Trade. 8)Gappy, Vidya. 2021. Carrying capacity studies on La Digue. Seychelles Nation. 9) United Nations Development Programme. 2008. Disaster Risk Profile of the Republic of Seychelles. 10) Seychelles Chamber of Commerce and Industry (SCCI). 2021. A National Public Private Partnership for Building a Better Seychelles: The SCCI Response to the Budget Speech of Minister Naadir Hassan. 11) UNDP Project Team stakeholder colsultation undertaken with a commercial bank in May 2022. 12) UNDP Project Team stakeholder colsultation undertaken with a Seychellois firm operating a cold store facility in July 2022.
IOA Sources
  • 13) Karapetyan, Salifa. 2021. Massive new freezer gives Seychelles a bigger foothold in the fish industry. Seychelles News Agency: Victoria.,accordance%20with%20client%20specific%20requirements 14) UNDP Project Team stakeholder consultation undertaken with a private sector agency in fisheries sector in May 2022. 15) The Ministry of Fisheries and Agriculture. 2019. Fisheries Comprehensive Plan. 16) National Bureau of Statistics. 2021. Seychelles in Figures 2021 Edition. 17) Stop Illegal Fishing. 2020. Moving Tuna: Transhipment in the Western Indian Ocean. Gaborone, Botswana. 18) Corporate and Business Registration Department. 2022. Search by File No.: C6620. Information about Froid Des Mascareignes Ltd. 19) Government of the Republic of Seychelles & The United Nations. 2018. Strategic Partnership Framework (SPF) 2019-2023. 20) Ahmed, F., Houessenou, P., Nikiema A. & Zougmore, R. 2021. Transforming agriculture in Africa's Small Island Developing States. Accra. FAO. 21) United Kingdom, Health and Safety Executive. Example risk assessment for cold storage warehousing. 22) Karapetyan, Salifa. 2022. Solar power planned for one of world's largest tuna canneries based in Seychelles. Seychelles News Agency: Victoria. 23) The Government of Seychelles. 2019. Seychelles Fisheries Sector Policy and Strategy. 24) Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. 2020. Greenhouse Gas Inventory & Mitigation Strategies for the Refrigeration and Air Conditioning Sector in the Seychelles. Victoria, Seychelles. 25) Republic of Seychelles. 2018. Seychelles Blue Economy: Strategic Policy Framework and Roadmap Charting the future (2018-2030). 26) Seychelles Fishing Authority (SFA). 2018. Seychelles Fishing Authority Strategic Plan 2018-2020. 27) Republic of Seychelles. 2021. Seychelles Infrastructure Agency Act. 28) Republic of Seychelles. 2014. Food Act. 29) The United Nations Conference on Trade and Development (UNCTAD). 2020. Investment Policy Review of Seychelles. United Nations, Geneva. 30) Republic of Seychelles. 2010. Seychelles Investment Act. 31) Seychelles Port Authority. 2022. Facilities: Zone 14. 32) UNCTAD. 2017. A Piece of the Fish Pie: Sharing the Benefits of Fisheries with LDCs and SIDS. 33) The Ministry of Finance, Trade, Investment and Economic Planning. 2020. Policy Paper on Economic Activities Reserved for Seychellois. 34) Ministry of Investment, Entrepreneurship, and Industry. 2022. Seychelles Investment (Economic Activities) Regulations, 2022.