Saudi Arabia Achieves Surplus in Self-Sufficiency for Top 3 Food Items

Dates recorded the highest rate of self-sufficiency in Saudi Arabia (SPA)
Dates recorded the highest rate of self-sufficiency in Saudi Arabia (SPA)
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Saudi Arabia Achieves Surplus in Self-Sufficiency for Top 3 Food Items

Dates recorded the highest rate of self-sufficiency in Saudi Arabia (SPA)
Dates recorded the highest rate of self-sufficiency in Saudi Arabia (SPA)

The Kingdom has recorded surpluses in its top three food products during the past year as a result of the intensive efforts undertaken by the government to achieve self-sufficiency in food commodities.

Dates lead the way with a remarkable 124% increase, followed by dairy products at 118%, and table eggs at 117%.

At the beginning of 2023, Saudi Arabia decided to transform the Saudi Grains Organization (SAGO) into the General Food Security Authority (GFSA), a move aimed at improving performance indicators and achieving national objectives in the development and growth of the sector.

This underscores the Kingdom’s determination to attain self-sufficiency in all food items and products.

According to the agricultural statistics report issued by the General Authority for Statistics (GASTAT) on Thursday, the self-sufficiency rate for potato crops in the past year reached 80%, while poultry meat stood at 68%, and tomatoes at 67%.

Red meat followed at 60%, carrots at 50%, fish at 48%, and onions at 44%.

Citrus fruits, on the other hand, ranked at the lowest end of the spectrum, with a self-sufficiency rate of 15%.

Ibrahim Al-Turki, the head of the National Agriculture Committee at the Saudi Chambers of Commerce and Industry, stated that the two wings of the Kingdom’s national transformation plan, Vision 2030, are working in harmony: one in the public sector, and the other in the private sector.

Speaking to Asharq Al-Awsat, Al-Turki pointed out that the efforts of relevant agencies to facilitate local companies and farmers have borne fruit in achieving the targeted food security goals in Saudi Arabia.

Al-Turki emphasized the importance of food security, especially in the wake of the coronavirus crisis and the Russia-Ukraine conflict, affirming that the high level of self-sufficiency in strategic food commodities such as dairy, eggs, dates, and potatoes has also positively influenced prices, making them competitive and accessible to all.

The chairman of the agriculture committee further explained that the surplus in certain products has a positive impact on the local market and consumers.



Cluster2 Company Launches Direct Flights from Muscat to Saudi Arabia's Taif

 Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
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Cluster2 Company Launches Direct Flights from Muscat to Saudi Arabia's Taif

 Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA

The Cluster2 Company, operator of Taif International Airport, announced the launch of three direct flights per week between Muscat and Taif via Oman Air, starting January 31, SPA reported.

The launch of international flights through the cluster’s airports comes as part of its ongoing commitment to improving the passenger experience and expanding international travel options, while continuing to build strategic partnerships with global airlines to enhance air connectivity in the Kingdom.


Oil Prices Rise as US Ramps up Action against Venezuela Tankers

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
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Oil Prices Rise as US Ramps up Action against Venezuela Tankers

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer

Oil prices rose on Monday after the US intercepted ​an oil tanker in international waters off the coast of Venezuela and tensions in Russia's war against Ukraine remained high, with both developments raising fears of supply disruption.

Brent crude futures gained $1.31, or 2.17%, to $61.78 a barrel by 1316 GMT. US West Texas Intermediate crude rose by $1.25, or 2.2%, to $57.77.

Market participants now see a risk of disruption to Venezuelan oil exports because of the US ‌embargo, having previously ‌been complacent in that regard, said ‌UBS ⁠analyst Giovanni ​Staunovo.

Venezuelan crude ‌accounts for about 1% of global supply.

Growing supply from the US and the OPEC+ producer group have largely offset worries over supply disruption elsewhere to keep Brent futures around $65 a barrel in the second half of 2025, though prices have eased in the past month because of oversupply concerns.

Oil prices have been supported by developments off Venezuela while ⁠Russia-Ukraine tensions simmer in the background in an otherwise very bearish market, said June ‌Goh, analyst at Sparta Commodities.

The US Coast ‍Guard is pursuing an oil ‍tanker in international waters near Venezuela in what would be the ‍second such operation over the weekend and the third in less than two weeks if successful, officials told Reuters on Sunday.

A rebound in oil prices has been sparked by US President Donald Trump's announcement of a "total ​and complete" blockade of sanctioned Venezuelan oil tankers and subsequent developments there, followed by reports of a Ukrainian drone strike ⁠on a Russian shadow fleet vessel in the Mediterranean, said IG analyst Tony Sycamore.

The Brent and WTI benchmarks fell by about 1% last week.

US special envoy Steve Witkoff said on Sunday that talks between US, European and Ukrainian officials in Florida over the past three days in an effort to end Russia's war in Ukraine had focused on aligning positions. Those meetings and separate talks with Russian negotiators had been productive, he said.

However, the top foreign policy aide of Russian President Vladimir Putin said that changes made by the Europeans ‌and Ukraine to US proposals had not improved prospects for peace.


GASTAT: Construction Costs in Saudi Arabia Rose 1% in November

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
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GASTAT: Construction Costs in Saudi Arabia Rose 1% in November

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA

The Construction Cost Index in Saudi Arabia rose 1% in November 2025 compared with the same month last year, driven by equal 1% increases in both residential and non-residential construction costs, according to data released by the Kingdom’s General Authority for Statistics (GASTAT).

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025.

The Construction Cost Index bulletin is part of GASTAT’s ongoing efforts to develop statistical products for vital sectors and provide a reliable and effective reference with accurate estimates to support decision-making by contractors, real estate developers, and relevant entities.

These efforts contribute to drawing a clear roadmap for residential and non-residential construction projects in the building and construction sector.