SEA ECONOMY With its lagoon classified as a World Heritage Site and its ZEE of 1.5 million km2, New Caledonia is brimming with potential, with sectors to be developed (fishing, aquaculture, fish farming, etc.) and emerging sectors (algae, biotechnologies, deep-sea exploration, etc.). Joint powers between the State (international conventions), New Caledonia (regulation, exploration, exploitation, management and conservation of natural resources in the ZEE) and the Provinces (fishing in inland waters, creation of nature reserves and parks, etc.). Today, New Caledonia's blue economy represents 5% of New Caledonian businesses. Maritime infrastructures Most of maritime infrastructures are concentrated in the Southern Province. The Port of Noumea handles more than 5 million tonnes of freight and ore a year. In terms of volume, it is the largest port in the French overseas territories and one of the top ten in France. The Southern Province aims to develop its infrastructures and become a hub for regional maritime activity. In particular, it is counting on the modernisation of Port Numbo, the region's future centre of maritime excellence. 3 - ECONOMIC DEVELOPMENT SECTORS AND OPPORTUNITIES 29
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