Saudi Arabia working on innovative solutions to ensure global food security arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Saudi Arabia plans to produce 600,000 tons of fish a year, generating around 200,000 direct and indirect jobs in the fisheries sector, under its Vision 2030 master plan to diversify the economy. The National Fisheries Development Program, founded in 2015, is tasked with this growth and hopes to attract $5 billion of investment from the private sector up until the end of the
RIYADH: State-owned NEOM and The Red Sea Development Co. are spearheading the Saudi government’s efforts to boost the yields of the aquaculture sector fivefold by 2030 in coordination with other key private players. The sector is expected to get a boost in the short-to-medium term through various projects to increase production to 600,000 tons per year, the deputy minister for
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Saudi Arabia s megacity project Neom and Tabuk Fish Company signed an agreement to develop the Middle East and North Africa s biggest fish farm as the kingdom diversifies its economy.
The agreement aims to expand local aquaculture production and apply the latest fish farming technologies in the futuristic Neom city, the state-run Saudi Press Agency said in a statement on Tuesday. The capacity and innovative nature of the hatchery, combined with top-notch technologies, will help position Saudi Arabia at the forefront of sustainable marine aquaculture, Nadhmi Al-Nasr, chief executive of Neom, said.
Saudi Arabia, the world s top oil exporter, is rapidly transforming its economy to cut its dependence on oil revenue to fuel growth. To that end, the kingdom is developing a number of new projects including Neom, a $500 billion futuristic project consisting of a nature reserve, coral reefs and heritage sites on about 50 islands off the Red Sea coast.