Saudi Poultry Industry Flourishes with Over $1 Billion in Investment Agreements
The Middle East Poultry Exhibition in Riyadh has proven to be a game-changer for Saudi Arabia’s poultry industry, with investment agreements totaling more than SR4 billion ($1 billion) being signed during the event.
Revolutionizing the Poultry Industry: A Focus on Value Maximization and Cost Reduction
Under the theme of “Value Maximization and Cost Reduction: Value Engineering in the Poultry Industry,” the event, which began on May 13 and runs for three days at the Riyadh International Convention and Exhibition Center, has attracted key players in the sector.
Minister Al-Fadhli Leads the Way in Promoting Investment and Food Security
The Minister of Environment, Water, and Agriculture, Abdulrahman Al-Fadhli, oversaw the signing of agreements aimed at boosting investment in the industry and ensuring food security. These agreements mark a significant step towards achieving agricultural development goals and self-sufficiency in food production.
Aligning with Saudi Vision 2030: Diversifying Income Sources and Enhancing Food Security
The agreements signed at the event align with the objectives of Saudi Vision 2030, focusing on diversifying income sources, fortifying food security, and achieving self-sufficiency in poultry production.
Experts Converge at the Poultry Exhibition to Share Knowledge and Drive Innovation
Industry experts have gathered at the annual event to exchange ideas on enhancing business value in the poultry sector. With over 100 experts and 300 companies from 40 countries in attendance, the exhibition promises to be a hub of innovation and collaboration.
Embracing Modern Technologies and Supply Chain Solutions
The conference showcases over 800 supply chain products from leading companies in the sector, emphasizing the importance of adopting modern technologies to drive growth and efficiency in poultry production.
Driving Economic Growth and Food Security through Investments in the Poultry Sector
The exchange of experiences and practices at the exhibition aims to boost investment prospects and contribute to the gross domestic product. With a focus on achieving the goals of the National Food Security Strategy, the event plays a crucial role in shaping the future of the poultry industry.
Government Support and Private Investment Fuel Growth in the Poultry Sector
With government subsidies exceeding SR665 million and a target of 80 percent self-sufficiency in poultry meat by 2025, the Kingdom is on track to become a key player in the global poultry market. The sector’s rapid growth is attributed to government support and increased private sector investments in poultry projects.