JEDDAH: The private sector is being urged to take advantage of the SR37 billion ($10 billion) investment gap in Saudi Arabia’s agriculture industry in order to improve infrastructure and productivity.
During the 41st Saudi Agricultural Exhibition in Riyadh, Sulaiman Al-Khateeb, assistant deputy minister for farm affairs, emphasised the deficit, according to the Saudi Press Agency. He underlined the necessity of private investment in crucial sectors, including plant cultivation, animal husbandry, fisheries, and agricultural processing
These initiatives are essential to accomplishing the objectives of the National Agriculture Strategy 2034 and furthering Saudi Arabia’s drive for sustainability and food self-sufficiency.
As part of its larger sustainable development plan and in line with Vision 2030, the Kingdom wants to increase its agricultural capacity in order to guarantee food security and promote economic diversification.
Saudi Arabia is leading an agricultural boom to increase domestic crop output and lessen dependency on food imports, even though around 90% of its land is desert. The Agricultural Statistics Publication of the General Authority for Statistics states that the Kingdom is already self-sufficient in fresh dairy products, table eggs, and dates.
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