Saudi Arabia Plans to Increase Honey Production, Maximize Economic Returns

Six programs were identified to support the honey industry. (Photo: SPA)
Six programs were identified to support the honey industry. (Photo: SPA)
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Saudi Arabia Plans to Increase Honey Production, Maximize Economic Returns

Six programs were identified to support the honey industry. (Photo: SPA)
Six programs were identified to support the honey industry. (Photo: SPA)

The Saudi Ministry of Environment, Water and Agriculture is seeking to develop bee pastures to maximize the economic return, in light of the continuous growth of the number of beekeepers who practice modern methods of honey production.

In remarks to Asharq Al-Awsat, the ministry said that the Kingdom’s annual imports of honey amounted to approximately 25,000 tons of honey, while its production is estimated at 2,646 tons.

The ministry noted that in 2018 it had launched programs to develop the honey bee industry and production sector.

“Honey contributes to about 660 million riyals (176 million dollars), representing 1.07 percent of the total agricultural GDP as an economic tributary to the country,” a ministry official said.

Six programs were identified to support the industry, including improving and developing the local honey bee breeds, promoting the infrastructure, raising the efficiency of local content and capacity-building, organizing bee pastures and encouraging investment and scientific research.

The consumption of honey in Saudi Arabia this year is estimated at approximately 320 grams per person, which is equivalent to twice the global average consumption of honey.

Samer Kurdi, head of the Sunbulah Group for the manufacture of food and natural honey in Saudi Arabia, said in an interview with Asharq Al-Awsat that in 2020, honey consumption in the Kingdom was estimated at approximately 320 grams per person.

He said this reflected the awareness of consumers in Saudi Arabia about eating quality food products and maintaining a healthy lifestyle.



Lebanon’s Struggling Economy Slides Toward Full Recession

The Jousieh crossing between Lebanon and Syria following an Israeli strike on October 25. (AFP)
The Jousieh crossing between Lebanon and Syria following an Israeli strike on October 25. (AFP)
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Lebanon’s Struggling Economy Slides Toward Full Recession

The Jousieh crossing between Lebanon and Syria following an Israeli strike on October 25. (AFP)
The Jousieh crossing between Lebanon and Syria following an Israeli strike on October 25. (AFP)

The ongoing Israeli war on Lebanon has led to significant economic losses estimated between $10 billion and $20 billion.

This range reflects the difficulty in accurately assessing the damage amid Israel’s ongoing military operations, including airstrikes and ground attacks.

The destruction of homes, infrastructure, and farmland has contributed to a state of uncertainty, along with an unprecedented wave of displacement affecting many families.

Experts agree that reliable economic data is hard to obtain while the conflict continues.

Reports from the Ministry of Health and international organizations said nearly 3,000 people have been killed and around 15,000 injured, mostly civilians.

Additionally, about 1.4 million people have been displaced from their homes, representing roughly a quarter of Lebanon’s population.

Growing economic crisis ahead

The war came at a time when Lebanon’s economy was already struggling after five years of crisis.

According to Mohammad Choucair, head of the Economic Bodies Association, the situation is worsening rapidly, threatening serious economic and social consequences.

Current estimates suggest that direct losses from the conflict could reach between $10 billion and $12 billion, impacting various sectors.

As the war continues, key sectors like tourism, agriculture, and trade are experiencing a sharp decline in business activity.

Many small and medium-sized enterprises are being forced to close or suspend operations due to direct damage from attacks, reduced consumer demand, and disruptions in trade and supply chains caused by the influx of displaced people.

International financial institutions are warning that the ongoing Israeli attacks could continue for several more months, possibly lasting until mid-2025.

The Institute of International Finance (IIF) forecasts a 7% contraction in Lebanon’s GDP by the end of this year, followed by a 10% decline next year.

This would bring the total economic decline to nearly 60% from the peak GDP of around $53 billion recorded at the end of 2018.