Saudi Arabia Unveils $20 Billion Investment Opportunity in Livestock and Fisheries
Saudi Arabia Unveils $20 Billion Investment Opportunity in Livestock and Fisheries
Arab Times News: Saudi Arabia is showcasing significant investment opportunities in its livestock and fisheries sectors, valued at a staggering $20 billion. This announcement comes from a high-ranking government official, highlighting the Kingdom’s push to diversify its economy and unlock substantial financial returns.
Dr. Ali Al Shaikhi, the Undersecretary of the Ministry of Environment, Water, and Agriculture for Fisheries and Livestock Wealth, emphasized the potential for lucrative investments in these sectors. He estimates that by 2030, these investments could generate over SR20 billion ($5.3 billion) in economic benefits for Saudi Arabia.
Dr. Al Shaikhi’s remarks came during a workshop titled “Joint Cooperation Opportunities for the Development and Sustainability of the Agricultural Sector in the Kingdom.” The Ministry of Environment, Water, and Agriculture, in collaboration with King Saud University, organized the event at its headquarters in Riyadh.
Boosting the Agricultural Sector Through Investment
Furthermore, this workshop serves as a strategic initiative by the ministry to foster collaboration between various stakeholders. In other words, the ministry is actively seeking to bring together different players in the agricultural sector. Their goal is to encourage cooperation and drive growth within the agricultural sector, ultimately contributing to a significant increase in the Kingdom’s GDP.
Dr. Al Shaikhi underscored the critical role that livestock and fisheries play in the Saudi economy, community health, and overall quality of life. He pointed out the unprecedented growth within these investment opportunities, aligning perfectly with the objectives outlined in Saudi Vision 2030, the Kingdom’s ambitious development roadmap. This strategic vision aims to diversify the Saudi economy and reduce its dependence on oil. By attracting investments in livestock and fisheries, Saudi Arabia can unlock significant economic potential and create a more sustainable future.
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