Here is a detailed article about the news from mewa.gov.sa, presented in a polite tone:
Saudi Arabia Unveils Promising Investment Opportunities Exceeding 20 Billion Riyals in Livestock and Fisheries Sectors by 2030
Riyadh, Saudi Arabia – The Ministry of Environment, Water and Agriculture (MEWA) has announced significant investment prospects within the Kingdom’s vital livestock and fisheries sectors, projecting opportunities valued at over 20 billion Saudi Riyals by the year 2030. This forward-looking announcement, made on June 4, 2024, underscores Saudi Arabia’s commitment to diversifying its economy and fostering sustainable growth in its agricultural and natural resource domains.
The substantial investment potential highlights a strategic vision to bolster these key industries, which are fundamental to the nation’s food security and economic development. The livestock sector, encompassing everything from traditional animal husbandry to advanced breeding and processing, is poised for considerable expansion. Similarly, the burgeoning fisheries sector, with its vast coastal resources and increasing demand for sustainable aquaculture, presents a compelling landscape for investment.
This initiative aligns seamlessly with the broader objectives of Saudi Vision 2030, which emphasizes the development of non-oil sectors and the enhancement of local production capabilities. By channeling investment into livestock and fisheries, the Kingdom aims to create a more resilient and self-sufficient food supply chain, reduce reliance on imports, and generate significant employment opportunities for its citizens.
MEWA’s announcement suggests that these opportunities will likely span various aspects of the value chain, including:
- Livestock Sector: This could involve advancements in breeding technologies, feed production and innovation, modern veterinary services, processing and packaging facilities, and the development of enhanced distribution networks. Investment in sustainable grazing practices and the utilization of cutting-edge technologies in animal health and welfare are also anticipated.
- Fisheries Sector: The projected investments are expected to cover the expansion of aquaculture projects, sustainable fishing practices, post-harvest processing and value-added products, marine farming technologies, and the development of infrastructure such as ports and cold storage facilities. There is also a strong focus on preserving marine ecosystems and promoting responsible resource management.
The projected figures indicate a robust faith in the growth potential and inherent strengths of these sectors. Saudi Arabia’s strategic geographic location, coupled with its commitment to improving the investment climate, makes it an attractive destination for both domestic and international investors looking to contribute to and profit from the Kingdom’s agricultural transformation.
This announcement serves as a clear invitation to stakeholders, entrepreneurs, and investors to explore the diverse avenues available for contributing to the sustainable development and economic prosperity of Saudi Arabia’s livestock and fisheries industries. The Ministry of Environment, Water and Agriculture remains dedicated to facilitating these investments and ensuring a supportive environment for growth and innovation.
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mewa.gov.sa published ‘”البيئة”: أكثر من (20) مليار ريال فرص استثمارية واعدة في قطاعي الثروة الحيوانية والسمكية حتى عام 2030’ at 2024-06-04 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.