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Home Latest News Investments worth 88 billion riyals for food self-sufficiency in Saudi Arabia

Investments worth 88 billion riyals for food self-sufficiency in Saudi Arabia

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Thanks to a strong industrial base of more than 1,500 food factories, the Kingdom has achieved a self-sufficiency rate of up to 100% in dairy products, 52% in fish, and 68% in poultry.

His Excellency confirmed Minister of Industry and Mineral Resources Bandar Al-Kharif, said that the Kingdom seeks to provide comprehensive solutions to For food security A food security strategy was developed, aiming to ensure that the Kingdom’s needs for basic food commodities are met, whether under normal circumstances or in emergency situations.

He revealed the most prominent achievements in this context, as the self-sufficiency rate reached 100% in dairy products, 52% in fish, and 68% in poultry, during the opening of the “Saudi Food Show” exhibition, which is being held under its auspices in a strategic partnership between the Saudi Authority for Industrial Estates And the “Modon” technology zones, and “Con International Company”, in Riyadh.

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These achievements came in light of the Kingdom’s possession of a strong industrial base that includes more than 1,500 food factories, with investments exceeding 88 billion riyals, indicating what the Ministry of Industry and Mineral Resources seeks in cooperation with its partners to strengthen the industrial infrastructure and enhance investment in the food industry sector.

Providing financial and technical support to small and medium-sized companies in this sector, studying new investment opportunities, and raising production capabilities in the areas of meat, poultry and seafood are among the endeavors undertaken by the Ministry in cooperation with partners.

The Minister also explained that the Kingdom seeks to provide comprehensive solutions for food security, as a strategy has been developed that aims to ensure that the Kingdom’s needs for basic food commodities are met, whether in normal circumstances or in emergency situations, based on several strategies that are consistent with the Kingdom’s vision for 2030, Including the national industrial strategy and the localization and exports strategy.

 

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