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KSA: $ 266-Million-Worth of Fish Exports in 2017

KSA: $ 266-Million-Worth of Fish Exports in 2017
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KSA: $ 266-Million-Worth of Fish Exports in 2017

KSA: $ 266-Million-Worth of Fish Exports in 2017

Saudi Arabia’s Ministry of Environment, Water and Agriculture revealed that the volume of exports of fish farming projects produced in 2017 exceeded 37,000 tons, valued at one billion riyals ($ 266.6 million).

Undersecretary Ahmed bin Saleh Al-Ayedah said the 35,000 tons of fish were exported mainly to Asian markets, topping all other exporting countries.

He pointed out that the increase in exports reflected progress brought about by the National Transformation 2020, which put out a strategy to raise production at fish farms to 100 thousand tons by 2020.

“Saudi Arabia was followed by Europe, Arab countries and the USA), he said.

The ministry has reviewed over 50 investment and commercial opportunities in a number of sectors at a business held in Al-Qassim Region.

The forum’s objective was to create a promising investment environment for sustainable development by offering opportunities in environment, water and agriculture sectors. It also worked on facilitating communication between investors and receiving outlets.

Most notably, the forum briefed investors on the ministry’s plan-of-action for the sector.

Ayedah also revealed the completion of the equipment needed to start the Saudi GAP system to improve agricultural practices in the Kingdom.

Saudi GAP, responding to the Kingdom’s agricultural requirements and after completing preparations for the launch of SGAP, will regulate agricultural practices, guaranteeing safe and healthy agricultural products while maintaining the integrity of farms and environmental resources.

The system was prepared in accordance with the best international standards and benefited from successful experiences in the world. A delegation from the ministry headed by Saudi Al-Jaber visited the Ministry of Agriculture, Forestry and Fisheries in Tokyo, Japan, for the implementation of the Japanese JGAP system and its regulations.

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Chinese President Xi Meets with Global CEOs as Investment Wanes 

China's President Xi Jinping (R) and Cai Qi, top ranking of Communist Party, applaud during a meeting with a group of foreign executives at the Great Hall of the People in Beijing on March 28, 2025. (AFP)
China's President Xi Jinping (R) and Cai Qi, top ranking of Communist Party, applaud during a meeting with a group of foreign executives at the Great Hall of the People in Beijing on March 28, 2025. (AFP)
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Chinese President Xi Meets with Global CEOs as Investment Wanes 

China's President Xi Jinping (R) and Cai Qi, top ranking of Communist Party, applaud during a meeting with a group of foreign executives at the Great Hall of the People in Beijing on March 28, 2025. (AFP)
China's President Xi Jinping (R) and Cai Qi, top ranking of Communist Party, applaud during a meeting with a group of foreign executives at the Great Hall of the People in Beijing on March 28, 2025. (AFP)

China's President Xi Jinping met with global CEOs in Beijing on Friday, as the government tries to woo foreign firms whose investment could give the ailing Chinese economy a boost and help insulate it against simmering geopolitical tensions.

Beijing has struggled to assuage foreign investors' concerns over the durability of the $18 trillion economy, while longstanding unease over China's tightening regulations, abrupt crackdowns on foreign firms, and an uneven playing field favoring state-owned companies clouds business sentiment.

"I would like to express my heartfelt thanks to all the foreign enterprises that have participated in and supported China's development," Xi told the business leaders, who included the bosses of AstraZeneca, FedEx, Saudi Aramco, and Standard Chartered.

"Foreign enterprises contribute one-third of China's imports and exports, one-quarter of industrial added value and one-seventh of tax revenue, creating more than 30 million jobs," Xi added.

Around 40 executives joined the meeting, said two sources with direct knowledge of its planning. The majority of which represented the pharmaceuticals sector, one source said.

The frequency of meetings between foreign executives and high-level Chinese officials has picked up over the past month, after official data showed foreign direct investment plummeted 27.1% year-on-year in local currency terms in 2024.

That marked the biggest drop in FDI since the 2008 global financial crisis.

"Transnational corporations play an important role in safeguarding the world economic order," Xi said, while encouraging the companies in attendance to "raise their voices of reason and take pragmatic actions" to this end.

The meeting followed last weekend's China Development Forum (CDF), a flagship business event that this year saw Premier Li Qiang urge countries to open their markets and combat "rising instability and uncertainty".

Xi last year met with American business leaders after the annual business forum, an assignment previously delegated to the Premier, the top leader's second in command.

"I wonder if there is a precedent now, and they will do this annually," said one of the sources, who was involved in the meeting's planning.

China's leader has taken it upon himself in recent months to reassure and energize businesses both foreign and domestic.

Last month Xi held a rare pro-business meeting with some of the biggest names in China's technology sector, including Alibaba's Jack Ma, urging the entrepreneurs to "show their talent" and be confident in the power of China's model and market.