Saudi Agricultural Exhibition Opens with Over SAR800 Million in Development Investments

The 41st Saudi Agricultural Exhibition was inaugurated in Riyadh on Monday. (SPA)
The 41st Saudi Agricultural Exhibition was inaugurated in Riyadh on Monday. (SPA)
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Saudi Agricultural Exhibition Opens with Over SAR800 Million in Development Investments

The 41st Saudi Agricultural Exhibition was inaugurated in Riyadh on Monday. (SPA)
The 41st Saudi Agricultural Exhibition was inaugurated in Riyadh on Monday. (SPA)

Saudi Minister of Environment, Water and Agriculture Eng. Abdulrahman Alfadley inaugurated on Monday the 41st Saudi Agricultural Exhibition in Riyadh.

The event, which runs from October 21-24, highlights key investment opportunities and features cutting-edge technologies, solutions, and innovations in the agriculture sector. Over 420 agricultural companies representing 29 countries are taking part. Qatari Minister of Municipality Dr. Abdullah bin Abdulaziz Al-Subaie attended the opening ceremony.

Alfadley emphasized the importance of strengthening national economic priorities and achieving food security in Saudi Arabia while striking a balance between agricultural development and the preservation of natural resources.

This is key to boosting sustainability and ensuring the protection of the environment and agricultural assets for future generations, he stressed.

Alfadley underscored the significant economic growth of the agricultural sector over the past three years, attributing it to the unwavering support from the country’s leadership and to the ministry’s efforts to promote sustainable agricultural practices. These have led to the sustainability of agricultural production; the preservation of soil, water, and natural resources; and self-sufficiency in a variety of agricultural products.

The sector achieved its highest-ever contribution to gross domestic product (GDP), amounting to SAR109 billion, further driving sustainable development and supporting the national economy, he revealed.

During the exhibition, Alfadley witnessed the signing of 12 agreements and memoranda of understanding with total investments exceeding SAR800 million to bolster agricultural production in the Kingdom.

The event saw the launch of the KAUST Center of Excellence for Sustainable Food Security. The strategic initiative aims to boost food security in the Kingdom by developing sustainable innovations and solutions in agriculture in line with Saudi Arabia’s Vision 2030.



Iranian Oil Tankers Using Forged Iraqi Documents, Iraqi Oil Minister Says

FILE PHOTO: A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. REUTERS/Raheb Homavandi//File Photo
FILE PHOTO: A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. REUTERS/Raheb Homavandi//File Photo
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Iranian Oil Tankers Using Forged Iraqi Documents, Iraqi Oil Minister Says

FILE PHOTO: A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. REUTERS/Raheb Homavandi//File Photo
FILE PHOTO: A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. REUTERS/Raheb Homavandi//File Photo

Iraq's oil minister Hayan Abdel-Ghani has said Iranian oil tankers seized by US forces in the Gulf were using forged Iraqi documents.

The administration of US President Donald Trump has restored "maximum pressure" on Iran, reviving a policy that seeks to isolate the country from the global economy and eliminate its oil export revenue in order to slow Tehran's development of a nuclear weapon.

Abdel-Ghani was asked if he had received messages from the United States over the possibility that state oil marketer SOMO could be subject to sanctions itself over the violation of Iranian sanctions.

"We received some verbal inquiries about oil tankers being detained in the Gulf by US naval forces carrying Iraqi shipping manifests," the oil minister said on state television late on Sunday, adding there had been no formal written communication.

"It turned out that these tankers were Iranian ... and were using forged Iraqi documents. We explained this to the relevant authorities with complete transparency and they also confirmed this."

The Iranian oil ministry did not immediately respond to a request for comment.

Reuters reported in December that a sophisticated fuel oil smuggling network that some experts believe generates at least $1 billion a year for Iran and its proxies has flourished in Iraq in the past few years, including by using forged documentation.

SOMO sells crude exclusively to companies that own refineries and does not supply trading firms, Abdel-Ghani said, adding that several traders were behind the scheme.

"SOMO operates with full transparency and has committed no wrongdoing in the oil export process," he said.