Saudi Arabia announced plans to invest $5bn to become self-sufficient in the poultry meat sector.
Following their recent jump in poultry meat production self-sufficiency from 45% in 2016 to 68% in 2022, the government has revealed an expansion plan for the broiler sector and support services to increase the rate to 80% by 2025.
Minister of Environment, Water and Agriculture, Abdulrahman Al-Fadley, explained that according to this plan, the poultry-meat sector will be receiving investments equivalent to around $4.5b until 2025, to produce around 1.3 million tons of broiler chickens every year.
The Agricultural Development Fund in Saudi Arabia will also be funding 70% of the investment costs needed by companies who use advanced technologies and are seeking expanding in this sector.
This investment aligns with the Kingdom’s Vision 2030, which seeks to provide local products at a high quality and reasonable prices, while ensuring food security.
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