Saudi Arabia Launches Direct Financial Support Program for Small-Scale Fishermen to Boost Fisheries Productivity
Riyadh, Saudi Arabia – On July 14, 2024, the Ministry of Environment, Water and Agriculture (MEWA) announced the launch of a significant new initiative: a direct financial support program specifically designed for small-scale Saudi fishermen. The program, officially inaugurated by His Excellency the Minister of Environment, Water and Agriculture, has been established with the core objective of enhancing the productivity and sustainability of the Kingdom’s vital fisheries sector.
This forward-thinking program underscores the Ministry’s commitment to supporting the livelihoods of those at the forefront of Saudi Arabia’s fishing industry. By providing direct financial assistance, MEWA aims to empower small-scale fishermen, enabling them to improve their operational capabilities, invest in better equipment, and ultimately increase their yields. This injection of support is expected to have a ripple effect, contributing to the overall growth and economic well-being of the fisheries sector.
The initiative is a crucial step towards achieving the goals outlined in the Kingdom’s ambitious Vision 2030, which emphasizes economic diversification and the development of non-oil sectors. The fisheries sector, with its rich potential, is identified as a key contributor to this vision, and the new support program is tailored to unlock this potential by addressing the specific needs of small-scale operators who form the backbone of the industry.
Details regarding the eligibility criteria and the application process for the direct financial support are expected to be made available soon through official MEWA channels. The program is anticipated to cover various aspects of small-scale fishing operations, potentially including the procurement of advanced fishing gear, maintenance and upgrades of fishing vessels, and the adoption of more sustainable fishing practices.
This launch represents a positive development for the Saudi fishing community, signaling a strong governmental commitment to fostering a more prosperous and sustainable future for the nation’s fisheries. MEWA’s proactive approach in implementing this direct financial support program is poised to make a tangible difference in the lives of countless fishermen and contribute significantly to the Kingdom’s food security and economic development.
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mewa.gov.sa published ‘”الفضلي” يُدشّن برنامج الدعم المالي المباشر لصغار الصيادين السعوديين لتعزيز إنتاجية القطاع السمكي بالمملكة’ at 2024-07-14 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.