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Ministry of Environment Discusses Aquaculture Sector Investment with 60 Chinese Companies

Global Investment Promotion Conference was held in the Chinese city of Shenzhen - SPA
Global Investment Promotion Conference was held in the Chinese city of Shenzhen - SPA
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Ministry of Environment Discusses Aquaculture Sector Investment with 60 Chinese Companies

Global Investment Promotion Conference was held in the Chinese city of Shenzhen - SPA
Global Investment Promotion Conference was held in the Chinese city of Shenzhen - SPA

The Ministry of Environment, Water and Agriculture discussed ways to enhance investments between the Kingdom and China in the aquaculture sector with representatives of more than 60 specialized Chinese companies.

The discussions came during the participation of the ministry’s delegation -- represented by the National Fisheries Development Program -- in the Global Investment Promotion Conference, which was held in the Chinese city of Shenzhen.

The conference seeks showcasing the investment opportunities in the Kingdom’s aquaculture sector, discussing the development of investment opportunities, and enhancing expertise exchange between the two countries, SPA reported.

During the conference, the two sides discussed investment opportunities, improving investment relations between the two countries, enhancing efforts to develop economic and investment ties between the Kingdom and China.

They also reviewed chances of developing quality investments, and enabling the private sector to benefit from investment opportunities in the two countries.

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GASTAT: Saudi Industrial Production Index Rose 1.6% in July

The General Authority for Statistics (GASTAT) data
The General Authority for Statistics (GASTAT) data
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GASTAT: Saudi Industrial Production Index Rose 1.6% in July

The General Authority for Statistics (GASTAT) data
The General Authority for Statistics (GASTAT) data

The General Authority for Statistics (GASTAT) in Saudi Arabia said on Tuesday that Industrial Production Index (IPI) rose by 1.6% in July this year compared to the same month in 2023.

The growth was attributed to heightened activity in the manufacturing industry, electricity, gas, steam, and air conditioning supply activities, as well as water supply, sewerage, waste management, and remediation activities, GASTAT said in a bulletin on the results of IPI for July 2024.

The report also highlighted a 4.6% increase in the sub-index for manufacturing activity compared to July 2023. Conversely, the sub-index for mining and quarrying activities decreased by 0.8% in July 2024.

The sub-index for electricity, gas, steam, and air conditioning supply activity showed a notable 8.2% increase, while the sub-index for water supply, sewerage, waste management, and remediation activities saw a growth of 1.1% over July 2023.

Data revealed a 1.1% decrease in the index for oil activities in July 2024, along with an 8.2% increase in non-oil activities, compared to the same period the previous year.
IPI is an economic indicator that tracks the development and relative changes in the volume of industrial production quantities. This data is derived from the Industrial Production Survey, conducted among a sample of industrial establishments involved in mining, manufacturing, electricity and gas supply, water supply, sanitation, waste management, and remediation activities.