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Agriculture in Saudi Arabia

  • Will Saudi agricultural investments in Sudan leave Egypt high and dry?

    EGYPT, 2016/01/11 Riyadh has been encouraging Saudi investors to pump additional money into Sudan in conjunction with Sudan’s participation in the Saudi-led intervention against the Houthis in Yemen. From presently on internal reports prepared by Egypt’s Water Resources and Irrigation Ministry, along with the Agriculture and Land Reclamation Ministry, confirm that Sudan is by presently using its entire allotment of Nile water, according to a government official briefed on the issue who spoke to Al-Monitor on condition of anonymity.

  • Saudi Star to restart rice project on disputed Anuak land in Ethiopia

    SAUDI ARABIA, 2015/07/02 Saudi Star to restart rice project on disputed Anuak land in Ethiopia. According to Cropwatch, Saudi Star Agricultural Development plans to pump $100 million into a rice export project in Gambella region of Ethiopia despite allegations of human rights violations surrounding the “villagization” program under which the land has been taken from indigenous Anuak pastoralists to lease to foreign investors. The company is owned by Mohamed al-Amoudi, who was born in Ethiopia to a Saudi father and an Ethiopian mother. Al-Amoudi made a fortune from construction contracts to build Saudi Arabia's national underground oil storage complex. Presently a billionaire a lot of times over, al-Amoudi has invested heavily in Ethiopia where he owns a gold mine and a majority stake in the national oil company.



  • Egypt, Saudi Arabia Agree On Increasing Agricultural Investments

    EGYPT, 2015/04/25 Egypt and Saudi Arabia agreed on increasing the Saudi investments in Egypt so as to remove the obstacles in front of activating the Arab investments particularly in the field of agriculture. It was as well agreed to form a technical committee to inspect the investment sites and prepare full studies about the soil, water and atmosphere around the year inclunding the uses of the new and renewable energies. These remarks came during discussion session held in Cairo between the Egyptian Agriculture Minister Salah Helal and his Saudi counterpart Abdulrahman bin Abdulmohsen al Fadhli and his accompanying delegation.

  • Saudi aquaculture investments to reach $16 billion

    SAUDI ARABIA, 2014/01/04 Investments on aquaculture projects will be increased from their current level of SR20 billion ($5.5 billion) to SR60 billion ($16 billion) to produce one million tons of fish products in the next 16 years, a senior official of the Ministry of Agriculture was quoted as saying. Jabir Al-Shihri, ministry undersecretary for fishery affairs, admitted that they are suffering from poor situation of fisheries in the Arabian Gulf and Red Sea which led them to depend on aquaculture someday. He said the GCC nations used to meet and explore fish reserves in the Arabian Gulf waters and how to manage them. Likewise, there is an organization concerned with the Red Sea and Gulf of Aden which regularity meets and explores fish reserve situation, fishing techniques and how to protect fauna and flora of the Red Sea, he said. The ministry official termed aquaculture as new and advanced industries. He expressed hope they would provide a world model in this regard, as did Norway and Chile, where they could produce one million tons of fish per year.

  • The Saudi food and agriculture sector will maintain positive outlook

    SAUDI ARABIA, 2014/01/04 The Saudi food and agriculture sector will maintain positive outlook due to increase in request supported by a strong macroeconomic environment that continues to support the Saudi Food sector outlook, with Savola and Almarai looking to strengthen their dominance though capacity increases, NCB Capital said in its fourth quarter equity research update on sector. “We continue to prefer Savola over Almarai given the stronger execution record on expansions, inclunding increase outlook for the Retail business, although volatility in world soft commodity prices remains the key risk for the sector” said Farouk Miah, CFA, Chief of Equity Research at NCB Capital.
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