FINANCIAL NEWS

Saudi Arabia imports USD9373 m of fish from UAE

20 Apr 2014

(MENAFN) Saudi Arabia became one of the UAE’s major importers of fish as the Gulf kingdom remains heavily dependent on sea food imports, according to the Emirates 24/7.

Saudi Arabia has imported as much as USD9.373 billion worth of fish, or 175,000 tons in 2012 compared to USD311 million in 2011.

Mohammed Fahd Al Hammadi, chairman of the agriculture and food security committee at the Riyadh chamber of commerce and industry, said: “There are many countries which export fish to Saudi Arabia, mainly the UAE and Oman”other countries include Singapore, Pakistan, India, Egypt, Norway, China, Malaysia, Sudan, the US and Argentina.”

Al Hammadi said that the gap was a result of a shortage in investment in the farming and fishing sector in Saudi Arabia.

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