Middle East

Saudi Arabia aims to localize 85% of its food industry

Riyadh — Saudi Arabia’s Ministry of Environment, Water and Agriculture (MEWA) has revealed that the kingdom aims to localize 85% of the country’s food industry by 2030.

In Saudi Arabia, food imports cost SR 70 billion a year, said Dr Ali Al-Sabhan, MEWA’s Entrepreneurship Division Supervisor, saying the food sector is a major market for entrepreneurs, investors and SMEs. It offers many opportunities for owners, he added. Great support from the Ministry of Internal Affairs and Communications.

Al-Saban’s remarks were made while attending a seminar titled “Entrepreneurship and Innovation’s Impact on Food and Environmental Security in Gulf Cooperation Council Countries” held as part of the Gulf Entrepreneurship Forum. .

He said Saudi Arabia aims to boost exports of date palms to SR2.5 billion by 2025, along with increasing fish production by 500% and increasing exports to SR3 billion.

“The ministry has adopted strategies to develop innovation and entrepreneurship, which will ultimately contribute to making the Kingdom of Saudi Arabia’s environment, water and agriculture sectors more competitive and sustainable,” he said. Al-Saban said.

He said the ministry is committed to developing pioneering projects, revitalizing local and international strategic partnerships, and calling on entrepreneurs to take advantage of the various programs offered by the ministry. said. — Spa

https://saudigazette.com.sa/article/626185/SAUDI-ARABIA/Saudi-Arabia-aims-to-localize-85-of-food-industry?ref=rss&format=simple&link=link Saudi Arabia aims to localize 85% of its food industry

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