عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Saudi Initiative Aims to Reduce $10.6 Billion in Food Waste

A night view of Riyadh, Saudi Arabia. (AFP)
A night view of Riyadh, Saudi Arabia. (AFP)
TT
TT

Saudi Initiative Aims to Reduce $10.6 Billion in Food Waste

A night view of Riyadh, Saudi Arabia. (AFP)
A night view of Riyadh, Saudi Arabia. (AFP)

Saudi Arabia signed on Wednesday an agreement to reinforce food security initiatives under the National Transformation Program.

The Kingdom inked the deal through Saudi Arabian Grains Organization (SAGO).

These initiatives aim to limit food waste in the country.

Minister of Environment, Water and Agriculture and chairman of the SAGO's board of directors Abdulrahman Al-Fadli said food waste exceeded 33 percent and cost around SAR40 billion ($10.6 billion) per year.

The minister added that the planned awareness campaign would contribute to achieving state goals.

These goals include the optimal use of agricultural and food resources, as well as preserving achievements in the food security field.

SAGO Governor Ahmed bin Abdulaziz Al-Faris said reducing food waste can be achieved through various means, including awareness campaigns thereby allowing the community to play a part in efforts to achieve the goals of the program.

Most Viewed

 
 
Business

Saudi ROSHN Group Reveals Rebranding

A ROSHN project in Saudi Arabia (ROSHN website)
A ROSHN project in Saudi Arabia (ROSHN website)
TT
TT

Saudi ROSHN Group Reveals Rebranding

A ROSHN project in Saudi Arabia (ROSHN website)
A ROSHN project in Saudi Arabia (ROSHN website)

ROSHN Group, a pioneering real estate developer backed by Saudi Arabia’s Public Investment Fund, has introduced on Sunday a new identity and strategic focus that expands its remit to include asset classes beyond its core residential offering.
This transformation into a multi-asset developer cements ROSHN's status as a trailblazer in the real estate sector and sets the stage for an innovative approach to developing mixed-use projects and multi-asset destinations, the Group said in a statement.
It said the launch of ROSHN Group’s fresh visual identity signifies a milestone in its commitment to broadening its real estate portfolio and establishing integrated destinations that cater to society’s diverse needs.
The new portfolio will encompass ROSHN’s core asset classes of 200 million square meters of residential property, alongside over four million square meters of gross leasable area across retail, commercial, and hospitality sectors.
Its enabling assets will include education, mosques, and healthcare, while opportunity assets span transport and logistics, including warehouses, industrial parks, and knowledge hubs, as well as leisure and entertainment, ranging from entertainment centers to fitness hubs.
These projects will showcase an exceptional diversity of assets, creating investment opportunities, elevating living standards, and driving economic growth, the Group said.
“Our growing portfolio now seamlessly integrates forward-thinking amenities and elevated connectivity, fostering opportunities for commercial partnerships, job creation, investment, and economic growth in alignment with Saudi Vision 2030,” said Chief Marketing and Communication Officer Ghada Al Rumayan of ROSHN Group.
She added, “With our own evolution, this vision becomes even more tangible as we introduce our expanded approach and dedication to improving quality of life through iconic new destinations across the Kingdom.”
Al Rumayan said that ROSHN takes pride in its role as a leading real estate developer in the Kingdom with a vision to transform urban living.