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HomeBusinessSaudi Arabia Boosts Rose Cultivation to Cut Imports

Saudi Arabia Boosts Rose Cultivation to Cut Imports

Localizing rose farming supports Vision 2030 and enhances agricultural growth.

September 17, 2024
in Business
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Saudi Arabia is localizing rose cultivation to meet local demand, create jobs, and cut down on costly imports of lesser quality. This move supports Vision 2030 by boosting exports to Gulf and Middle Eastern markets and encouraging agricultural growth.

The Ministry of Environment, Water and Agriculture has introduced incentives to strengthen the rose production sector. These include financial returns to improve the economic status of rose producers.

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Key measures involve the success of tissue culture techniques that reduce production costs and promote growth. The ministry also offers affordable agricultural land and investment opportunities that leverage the unique advantages of rose cultivation.

Loans covering up to 70 percent of project costs are available from the Agricultural Development Fund. Additionally, the ministry provides technical support and streamlined licensing for rose cultivation projects.

They are also promoting the use of technologies like hydroponics and smart systems to reduce costs and enhance efficiency. There are opportunities to produce rare and highly demanded rose varieties for better economic gains.

Tags: Agricultureimportsrose cultivationsaudi arabiaVision 2030
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