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.



IMF Projects Pessimistic Outlook on MENA Economies

Traffic moves during a sandstorm in Doha on April 15, 2025. (AFP)
Traffic moves during a sandstorm in Doha on April 15, 2025. (AFP)
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IMF Projects Pessimistic Outlook on MENA Economies

Traffic moves during a sandstorm in Doha on April 15, 2025. (AFP)
Traffic moves during a sandstorm in Doha on April 15, 2025. (AFP)

The International Monetary Fund (IMF) on Tuesday gave a pessimistic outlook for economic growth in the Middle East and North Africa (MENA) for the next two years, the second similar projection in a row in 2025.

The IMF released an update to its World Economic Outlook compiled in just 10 days after US President Donald Trump announced universal tariffs on nearly all trading partners and higher rates - currently suspended - on many countries.

Across the broader MENA region, the IMF anticipated economic growth to average 2.6% in 2025, before climbing to 3.4% in 2026, representing a decrease by around 0.9 percentage points and 0.5 percentage points compared to previous forecasts.

The IMF had downgraded its growth forecast for the region last January from its October projection. According to figures from the fund, the region's economy grew by 1.8% last year.

Within MENA, IMF projected oil exporters including Saudi Arabia, the UAE, Iraq, Algeria and Qatar, to witness a 2.6% growth this year and 3.1% next year.

In return, in oil-importing nations such as Egypt, Jordan, Morocco and Tunisia, economies are projected to grow to 3.6% in 2025 and to 4.1% in 2026.

The Fund said futures markets indicate that oil prices will average $66.9 per barrel in 2025, a 15.5% decline, before falling to $62.4 in 2026.

The IMF cut the forecast for Saudi Arabia's GDP growth in 2025 to 3% versus a January estimate of a 3.3% increase. IMF also reduced the projection for growth in 2026 by 0.4 percentage point to 3.7%.

In Iraq, the IMF expected a modest rebound in 2026, with growth forecast at 1.4%. This marks a steep downgrade from October 2024, when it had projected 4.1% growth for Iraq in 2025.

In Egypt, it saw growth coming in at a 3.8% y-o-y clip this fiscal year, up 0.2 percentage points from its January forecast.

In Morocco, IMF said the economy could grow by 3.9% in 2025 and maintain steady momentum with 3.7% the following year.