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HomeBusinessSaudi Arabia Boosts Agriculture Investment by 35%

Saudi Arabia Boosts Agriculture Investment by 35%

Innovative approaches and support for small farmers drive growth in the agricultural sector

September 14, 2024
in Business
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RIYADH: Saudi Arabia’s drive to enhance local and foreign investments in agriculture has led to a 35% increase in the sector’s contribution to the GDP.

At the G20 Agriculture Ministers’ Meeting in Brasilia, Minister of Environment, Water, and Agriculture, Eng. Abdulrahman Alfadley, emphasized the kingdom’s commitment to sustainable food systems through innovative approaches, focusing on empowering smallholder farmers and rural communities.

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He underscored the significance of offering financial support, agricultural extension services, and essential resources to small farmers.

The Sustainable Agricultural Rural Development Program, aimed at empowering smallholders and boosting rural productivity, was highlighted as a key driver of growth in Saudi agriculture.

According to Alfadley, “In 2023, this program benefitted more than 120,000 farmers, enhancing their production and adding value to their crops.” This initiative is pivotal in strengthening rural economies and increasing agricultural output.

The minister also pointed out the role of fisheries and aquaculture in the country’s agricultural expansion. Saudi Arabia has been revamping its aquaculture sector by attracting investments and boosting local production, achieving over 190,000 tons of fisheries and aquaculture, covering about 60% of local consumption needs.

He stressed that this sector is crucial for income generation, food security, and sustainable agricultural development. Additionally, he highlighted the global impact of drought and the urgent need for coordinated efforts to combat desertification.

Alfadley praised the UN Convention to Combat Desertification (UNCCD) for its efforts and invited global leaders to COP16, set to be hosted in Riyadh in December 2024.

This emphasis on agricultural sustainability and rural development aligns with Saudi Arabia’s broader vision for food security and economic diversification, positioning the kingdom as a key player in global agricultural innovation.

Tags: agriculture investmentRural DevelopmentSaudi GDP growthSustainable Farming
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