Saudi Arabia’s Ministry of Environment, Water and Agriculture Champions Food Security with Launch of Major Investment Projects
Riyadh, KSA – In a significant step towards bolstering the Kingdom’s food security and agricultural sustainability, His Excellency the Minister of Environment, Water and Agriculture, Eng. Abdulrahman bin Abdulmohsen Al-Fadley, recently inaugurated a series of ambitious projects undertaken by the Food Development Company (FDC). This landmark initiative represents a substantial investment of SAR 4.5 billion, strategically planned to be implemented by the year 2030.
The inauguration ceremony, held on February 16, 2023, marked a pivotal moment for the Saudi agricultural sector, highlighting the Ministry’s unwavering commitment to fostering innovation and driving economic growth within this vital industry. The FDC’s comprehensive plan is designed to leverage advanced technologies and sustainable practices across various facets of food production, processing, and distribution.
Key objectives of these new projects include enhancing local food production capabilities, reducing reliance on imports, and promoting the development of high-quality, nutritious food products. The investment is expected to create a significant number of job opportunities for Saudi nationals, contributing to the Kingdom’s economic diversification goals as outlined in Vision 2030.
During the event, the Minister expressed his optimism about the transformative potential of these initiatives. He emphasized the importance of such strategic investments in achieving national food security objectives and in positioning Saudi Arabia as a leader in agricultural innovation within the region. His Excellency also underscored the Ministry’s dedication to supporting private sector entities like FDC that are instrumental in driving the Kingdom’s agricultural advancement.
The Food Development Company’s roadmap includes a diverse range of projects, from expanding modern farming techniques and increasing arable land utilization to developing sophisticated food processing facilities and robust supply chain networks. The company’s commitment to sustainability is a cornerstone of its strategy, with a focus on water conservation, efficient resource management, and the adoption of environmentally friendly practices throughout its operations.
This significant investment by the Food Development Company, with the full support and endorsement of the Ministry of Environment, Water and Agriculture, signals a strong commitment to a future where Saudi Arabia enjoys greater self-sufficiency in food production and a more resilient agricultural ecosystem. The successful execution of these projects by 2030 is anticipated to yield substantial benefits for the nation’s economy, its people, and the environment.
وزير “البيئة” يدشّن مشاريع شركة التنمية الغذائية لاستثمار (4.5) مليارات ريال بحلول 2030م
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mewa.gov.sa published ‘وزير “البيئة” يدشّن مشاريع شركة التنمية الغذائية لاستثمار (4.5) مليارات ريال بحلول 2030م’ at 2023-02-16 00:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.