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Saudi Arabia Secures Over SAR 4 Billion in Poultry Investment Agreements at Middle East Poultry Expo
Riyadh, Saudi Arabia – The Ministry of Environment, Water and Agriculture (MEWA) proudly announced a significant milestone achieved at the recent Middle East Poultry Expo. His Excellency the Minister of Environment, Water and Agriculture, Eng. Abdulrahman bin Abdulmohsen Al-Fadhli, witnessed the signing of a series of groundbreaking investment agreements valued at over four billion Saudi Riyals (SAR 4 billion). This landmark achievement underscores the Kingdom’s robust commitment to enhancing its food security and fostering growth within the vital poultry sector.
The momentous occasion, which took place on May 14, 2024, during the Middle East Poultry Expo, saw the formalization of strategic partnerships designed to bolster various aspects of the poultry industry. These agreements represent a substantial investment in the sector’s future, promising to drive innovation, expand production capabilities, and create numerous economic opportunities.
The influx of investment is anticipated to have a far-reaching positive impact on the Kingdom. It is expected to significantly contribute to meeting the growing domestic demand for poultry products, thereby strengthening national food security. Furthermore, these investments are poised to create a wealth of employment opportunities for Saudi citizens, from skilled labor to specialized technical roles, further contributing to the Kingdom’s economic diversification goals as outlined in Vision 2030.
Eng. Al-Fadhli expressed his deep satisfaction with the outcomes of the expo and the significant investment secured. He highlighted the Kingdom’s strategic focus on developing its agricultural sector, particularly in areas crucial for food security. The Minister emphasized that these agreements are a testament to the attractive investment environment that Saudi Arabia offers, coupled with the unwavering support provided by the government to key economic sectors.
The Middle East Poultry Expo serves as a crucial platform for industry stakeholders to connect, share knowledge, and explore new avenues for growth. The successful conclusion of these investment agreements at the event reflects the collaborative spirit and shared vision for a more prosperous and self-sufficient poultry industry in the region.
This substantial investment injection is expected to fuel advancements in production technologies, research and development, and overall industry efficiency. It signals a strong confidence in the Saudi Arabian poultry market and its potential for sustainable growth. MEWA remains dedicated to facilitating such partnerships and creating an environment conducive to continued investment and development within the agricultural and food sectors.
الوزير الفضلي يشهد توقيع اتفاقيات استثمارية بأكثر من (4) مليارات ريال في معرض الشرق الأوسط للدواجن
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mewa.gov.sa published ‘الوزير الفضلي يشهد توقيع اتفاقيات استثمارية بأكثر من (4) مليارات ريال في معرض الشرق الأوسط للدواجن’ at 2024-05-14 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.