Red Sea Global to enhance Saudi agriculture economy
Red Sea Global, a company owned by Saudi Arabia's Public
Investment Fund (PIF), has launched a farm cooperative named the Tamala
initiative, aimed at enhancing the country's agriculture economy in the Tabuk
region.
The Tamala project, designed as a farm-to-table concept, is
set to unite over 3,000 farms within the Tabuk region. This collaborative
effort will empower these farms to directly sell their produce to Red Sea
Global's resort properties.
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Red Sea Global, renowned for its development of mega-tourism
projects like the Red Sea and Amaala initiatives in the kingdom's western
region, highlighted that the Tamala initiative will play a dual role:
supporting local farmers by introducing innovative farming technologies to
bolster production and emphasizing sustainable practices.
To oversee the cooperative, a dedicated board of directors
has been established.
Saudi Arabia, in alignment with its Vision 2030 objectives,
has been actively adopting national food strategies. These strategies encompass
boosting domestic agricultural production, diversifying import sources,
minimizing waste, and establishing reserve capacities.
In addition, Saudi Arabia has embraced agritech innovations, including concepts like vertical farming, to enhance supply chains and elevate food production. A recent study conducted by Marmore MENA Intelligence, based in Kuwait, highlighted these advancements in the Saudi agricultural landscape.
Source: Zawya
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