image description
image description
Tell A Friend

Archives


  • 25-07-22

    Saudi Arabia prepares USD5B investment to grow poultry production aiming self-sufficiency

    (MENAFN) Saudi Arabia prepares for a SR17 billion (USD5 billion) investment to grow poultry manufacture as the Kingdom targets to accomplish a poultry meat self-sufficiency level of 80 percent by 2025, Saudi Press Agency mentioned in a report.

    By aiming for a 1.3 million tons of broiler chickens a year, the ministry is going to guarantee national food security, rise domestic content, and establish employment chances, the Saudi Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley stated.

    This move comes after a surge in self-sufficiency in poultry meat from 45 percent in 2016 up to 68 percent this year.

    The investing provided by the Agricultural Development Fund for firms looking to grow the poultry output business hits 70 percent while top-notch technologies are used, according to Al-Fadley.

    In a related development, Ibrahim Qassem, the director-general of the Animal Resources Services at MEWA, stated to CNBC Arabia that the amount of livestock ventures surpassed 980 through all districts of the Kingdom.

    MENAFN25072022000045014228ID1104584680

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved