Saudi Agricultural Exhibition in 2018 Highlights

Untapped Opportunities in the Fastest Growing Agriculture Market in the GCC region

The 2018 budget takes into account the optimum utilization and optimization of all available resources in the Kingdom which contributes to the promotion of food security and contributes to the economic growth. The 2018 budget allocated a generous SR78.1billion to the economic resources sector that include the Ministry of Agriculture and subsidiary industries.

2018 Agricultural Road Map

  • Development of the poultry sector
  • Shift from the traditional green fodder to composite feed
  • Red Palm Weevil prevention program
  • Development of the aquaculture sector
  • Foreign farmland investment; especially grains and Animal Feed
  • Investment in organic agriculture and its products

Saudi Agriculture Sector Main Indicators

  • A Population of 31 million; which is 150% of the total population of the Five Gulf Cooperation Council (GCC)
  • 5.2% Agriculture’s contribution to the GDP, with a total of SR 52 billion
  • 80% of Saudi Arabia’s food consumption is imported

Local Trends

  • The Kingdom offers vast untapped land estimated at 3,800 km off the coast of the Arabian Gulf and the Red Sea
  • Aquaculture is “the fastest growing animal food-producing sector
  • SR30 billion investments in the aquaculture projects in 15 years
  • Production of one million tons of fish in the next 16 years, and Building 42 fishing ports in the Red Sea and the Arabian Gulf by 2026
  • The Kingdom of Saudi Arabia embraces 145 local organic farms

Global Opportunities

  • Saudi Arabia is The Middle East’s largest individual food importer
  • Saudi Arabia is already the world’s largest importer of barley
  • By 2025, Saudi Arabia will be one of the 10 biggest wheat buyers worldwide
  • Saudi Arabia has been investing in foreign farmland with a demand of 4.5 million tons of Wheat
  • The Kingdom of Saudi Arabia embraces 145 local organic farms