Saudi Arabia secures private investment of $9.8b in sustainable agriculture
Saudi Arabia’s Ministry of
Environment, Water, and Agriculture has secured SAR 37 billion ($9.8 billion)
in private funding to bolster the kingdom's agriculture and food sectors.
Covering diverse projects in crop production, livestock, fisheries, and
infrastructure, these initiatives align with the goals of Saudi Vision 2030.
Boosting Agricultural Capacity
At the 41st Saudi Agricultural
Exhibition in Riyadh, the ministry highlighted private sector involvement as a
driver of economic growth and sustainability. Dr. Sulaiman Al Khateeb,
Assistant Deputy Minister for Agriculture, led discussions on Vision 2030 and
the National Food Strategy. He emphasized that private investments are key to
achieving food security, economic development, and environmental sustainability.
Additionally, the ministry is focusing on improving cold chain infrastructure
and establishing marketing centers across Saudi Arabia.
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commitment to sustainable agriculture aligns with Saudi Vision 2030
“These investments will stimulate
economic growth, expand agricultural output, and enhance food security while
supporting sustainability goals under Vision 2030,” Dr. Al Khateeb noted.
Incentives to Attract Investors
To encourage private sector
engagement, the ministry has introduced various incentives, including:
- Agricultural loans
from the Agricultural Development Fund.
- Adoption of modern agricultural technologies.
- Affordable land leases for investors.
- Streamlined licensing
for agricultural projects.
- Technical and advisory support for farmers.
These measures align with the
National Agriculture Strategy 2034, which prioritizes sustainability,
innovation, pest management, and a vibrant agricultural community.
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With government support and private
sector engagement, Saudi Arabia is advancing toward its Vision 2030 goal of a
sustainable, self-reliant agricultural sector.
Source: https://esgnews.com/
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