Saudi Arabia eyes $12.3b investment in agriculture

06 Jul 2010

(MENAFN) The agriculture sector in Saudi Arabia is expected to generate $12.3 billion investment opportunities for national and international investors to fund the country?s various agricultural projects in 2010, according to a high-ranking official of Riyadh Exhibition Company (REC).

Investment prospects in Saudi Arabia?s agriculture sector have improved significantly as a result of government initiatives to develop key infrastructure facilities, particularly in the area of water networking, said Khalid Daou, REC?s Saudi Agriculture Project Manager.

Moreover, the agriculture industry has sustained a robust annual growth of up to eight percent, creating a truly vibrant market for various agricultural products, technology and services, he said.

The Saudi government?s expenditure figure that has been a crucial factor for driving investors? interest in the agriculture sector stood at $12.3 billion allocated for the agriculture, water and infrastructure sectors, representing a 30 percent increase compared to last year.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more