Saudi Food Security Safely Overcomes Repercussions of COVID-19

Photo by AZIZ SHAH/AFP/Getty Images
Photo by AZIZ SHAH/AFP/Getty Images
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Saudi Food Security Safely Overcomes Repercussions of COVID-19

Photo by AZIZ SHAH/AFP/Getty Images
Photo by AZIZ SHAH/AFP/Getty Images

The Saudi Ministry of Environment, Water and Agriculture revealed a comprehensive integrated system that contributed to adequate food security despite the severe impact of the COVID-19 outbreak on worldwide food supply chains and the shortage faced in some countries,

The ministry said that it did not face any disruption in the supply chains or a shortage of stock during the crisis, but rather confirmed that the Kingdom had a reliable food chain with a daily production capacity that can meet all of consumers’ needs and with high quality.

Saudi Arabia has the largest storage capacity in the Middle East for wheat and flour, according to Minister Abdul Rahman Al-Fadhli, who issued on Monday a detailed statement that assesses the state of Saudi food security.

“The Kingdom presented a great model in implementing the food security strategy, cooperating with the private sector, and guaranteeing responsible consumption in sales outlets,” he emphasized.

The measures and precautions that were taken during the pandemic came as a result of a pre-emptive action planned with all government sectors more than 4 years ago, he added.

The minister also stressed that the citizens’ awareness and confidence in the efforts made by the state were one of the main reasons for the availability of these products throughout the day, at reasonable prices.

He noted that the Kingdom has achieved high rates of self-sufficiency in many agricultural products, mainly dates (more than 125 percent of sufficiency), vegetables and poultry (60 percent), eggs (116 percent), in addition to fresh milk and its derivatives (109 percent) and fish (55 percent).

Al-Fadhli stressed that the Kingdom was moving forward in developing a sustainable agricultural system in a way that enhances its food security and preserves natural resources, in addition to expanding agricultural investment abroad in countries that enjoy relative advantages.



Saudi EXIM Bank Signs MoU with Credit Oman to Boost Bilateral Exports

The MoU was signed on the sidelines of the TXF Global 2025 conference held in Copenhagen from June 10 to 12 - SPA
The MoU was signed on the sidelines of the TXF Global 2025 conference held in Copenhagen from June 10 to 12 - SPA
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Saudi EXIM Bank Signs MoU with Credit Oman to Boost Bilateral Exports

The MoU was signed on the sidelines of the TXF Global 2025 conference held in Copenhagen from June 10 to 12 - SPA
The MoU was signed on the sidelines of the TXF Global 2025 conference held in Copenhagen from June 10 to 12 - SPA

CEO of Saudi EXIM Bank, Eng. Saad bin Abdulaziz AlKhalb and CEO of Credit Oman, Khalil bin Ahmed Al Harthy signed a memorandum of understanding (MoU) to promote cooperation in supporting joint projects, facilitating exports, and exchanging expertise, thereby contributing to the empowerment of non-oil exports and strengthening economic and trade ties between the two countries.

This came on the sidelines of the TXF Global 2025 conference held in Copenhagen from June 10 to 12.

EXIM participated as a sponsor of the conference to enhance the bank’s role in global trade and establish strategic partnerships to support the growth and competitiveness of Saudi non-oil exports in international markets, according to SPA.

Engineer Al-Khalb also participated in a panel session during the conference alongside a distinguished group of leaders, decision-makers, and export credit experts to discuss ways to foster international trade cooperation. He affirmed that Saudi EXIM Bank is a reliable partner in the global trade ecosystem, noting that the bank’s establishment is part of the Kingdom’s broader economic transformation.

He pointed out that the bank has provided credit facilities amounting to USD 22 billion since its inception and emphasized that the bank’s A+ credit rating from Fitch Ratings will significantly impact its operations and those of its clients and partners both locally and globally. He added that the bank’s strategy is focused on building strategic pathways for local exporters.