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Invest in Saudi Arabia’s AgriFood Revolution

Explore new agricultural opportunities in Al-Baha region.

July 15, 2024
in Opportunities
Reading Time: 2 mins read
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Imagine a future where Saudi Arabia, a nation with vast desert landscapes, stands as a beacon of agricultural self-sufficiency. This vision is increasingly a reality as the Kingdom unveils five new investment projects in the Al-Baha region, reinforcing its commitment to food security as part of its ambitious Vision 2030.

Transformative Agricultural Initiatives in Al-Baha

The Ministry of Environment, Water, and Agriculture has announced exciting opportunities for investment in the region through its FURAS portal. These projects aim to cultivate a diverse range of crops, including orchards, coffee, palm trees, and an array of flowers and wild plants.

Saudi Arabia, despite its largely arid terrain, is pioneering an agricultural renaissance to increase domestic production and reduce reliance on food imports. The Kingdom’s efforts have already paid off, achieving complete self-sufficiency in key areas such as dates, fresh dairy products, and table eggs, as reported by the General Authority for Statistics.

Among the new ventures is a dedicated coffee city project, which will see the planting of over 150,000 trees across more than 2.29 million square meters, promising a production capacity exceeding 15,000 tonnes. Investors are encouraged to submit their proposals by early September, with bidding processes swiftly following.

Strategic Projects Enhancing Food Security

Another notable project is the Al-Ennab Village, strategically located near Al-Janabeen Dam. This initiative focuses on the cultivation of palm and fruit trees over an expansive area of more than 4.6 million square meters. Prospective investors have until late September to submit their bids.

The Ministry has also highlighted its lavender fields project, which aims to plant over 2,500 lavender seedlings annually, along with establishing essential infrastructure on a site exceeding 11,710 square meters. This project is part of a broader strategy to enhance agricultural productivity and ensure sustainable food security.

Further opportunities include a fruit nursery in the Qilwah governorate, set to cultivate 100,000 fruit seedlings each year, and a flower nursery project designed to produce 500,000 seedlings annually across a 34,790 square meter area. These projects are poised to attract substantial investment, with bidding processes set to conclude in early September.

Collaborative Efforts for Agricultural Innovation

In a move to foster innovation, the Ministry recently launched the first Saudi AgriFood Tech Alliance. This initiative brings together a diverse network of stakeholders from the public and private sectors, academia, and nonprofit organizations, including notable partners like the Research, Development, and Innovation Authority, King Abdullah University of Science and Technology, and NEOM’s food company, Topian.

The alliance aims to drive the large-scale implementation of technological solutions in agriculture, further solidifying Saudi Arabia’s position as a leader in the AgriFood sector. With around 40 entities involved, this collaborative effort promises to catalyze significant advancements in food production and sustainability.

As Saudi Arabia continues to break new ground in agriculture, these projects not only promise to enhance food security but also present lucrative opportunities for investors looking to be part of the Kingdom’s transformative journey.

Tags: AgriFood Tech Alliancefood securityInvestment OpportunitiesSaudi Arabia agricultureVision 2030

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