Saudi Arabia Registers Increase in Fish Production Self-Sufficiency

Saudi Arabia maintains efforts to raise food self-sufficiency targets, including fish production. (Asharq Al-Awsat)
Saudi Arabia maintains efforts to raise food self-sufficiency targets, including fish production. (Asharq Al-Awsat)
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Saudi Arabia Registers Increase in Fish Production Self-Sufficiency

Saudi Arabia maintains efforts to raise food self-sufficiency targets, including fish production. (Asharq Al-Awsat)
Saudi Arabia maintains efforts to raise food self-sufficiency targets, including fish production. (Asharq Al-Awsat)

The Saudi Ministry of Environment, Water and Agriculture revealed progress in self-sufficiency in fish production, as it aims to increase the per capita fish consumption from 9 to 13 kilograms annually.

The ministry said on Monday that fish production in Saudi Arabia increased from 32,000 tons in 2016 to 119,000 tons until the end of 2022, confirming that it reached 59 percent of fish wealth self-sufficiency.

The Saudi Ministry of Environment, represented by the National Fisheries Development Program, marked World Fisheries Day, which falls on Nov. 21, with an event that was held at the ministry’s headquarters.

The ministry stated that the fisheries sector witnessed great development during the last period, leading to several achievements, including the development of 20 fishing facilities.

“We aim to reach 82 facilities during the next phase,” the ministry announced, noting that the number of fish farming projects increased from 67 to 235 projects in marine and inland waters and closed systems within the Kingdom.

The ministry also said that it was seeking to encourage capacity development, support small fishermen, empower the private sector and increase its contribution to the GDP, in accordance with the objectives of Vision 2030.

The ministry emphasized its efforts to develop infrastructure and investment opportunities in the sector, provide job opportunities for citizens, and raise the quality of production to compete in global markets, in addition to localizing the fishing profession and enabling more than 2,000 fishermen to practice the activity in the Kingdom.

It added that Saudi fish commodities were exported to more than 35 countries around the world.

For his part, CEO of the National Fisheries Development Program Dr. Ali Al Shaikhi said that the celebration of World Fisheries Day comes to emphasize the importance of marine and healthy ecosystems and the importance of securing sustainable fish stocks around the world.

He added that Saudi Arabia’s efforts in the field of fisheries contributed to the promotion and development of the sector at the local, regional and international levels.

Al Shaikhi revealed that the Kingdom has been elected to chair the 36th Session of the UN Food and Agriculture Organization’s fisheries committee to be held in Rome in 2024.

He noted that the committee voted unanimously for the Kingdom in recognition of its leading role in supporting international efforts to promote sustainable fishing and aquaculture.



Gold Prices Hit Records Above $3,300/oz

FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo
FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo
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Gold Prices Hit Records Above $3,300/oz

FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo
FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo

Gold prices pierced the $3,300 an ounce barrier to hit record highs as investors sought a refuge from the turbulence surrounding trade tensions between the United States and China.
Spot gold hit a record of $3,317.90 per ounce on Wednesday, resuming a rally based on US President Donald Trump's tariff policies, robust central bank buying and prospects of interest rate cuts by the Federal Reserve, Reuters reported.
"Gold is re-calibrating to reflect the current state of world affairs ... If the price is telling us something, then it’s a distinct warning bell," said independent analyst Ross Norman.
"High conviction buying that commenced about a year ago - likely unreported central bank buying - is being compounded by buying on price strength."
Bullion has gained around 26% so far this year, in a rise that has drawn comparisons with its 1980 rally during the Iranian Revolution, when prices shot up around 118% between November 1979 and January 1980.
Trump on Tuesday rolled out the latest of his tariff policies, ordering an investigation into potential new levies on all US critical minerals imports and other goods.
Gold is traditionally used to hedge against political turmoil.
"Some longer-term gold owners are taking profit at these fresh record highs, but new inflows are also running strong," said Adrian Ash, director of research at BullionVault.
Gold ETFs saw an inflow of 226.5 metric tons, worth $21.1 billion, in the first quarter of 2025, the largest amount since the first quarter of 2022, when markets were grappling with the consequences of Russia's invasion of Ukraine.
"ETF demand is the additional new component that had otherwise been missing and is certainly helping to fuel the rise," Norman added.
Gold has also gained from the lower dollar, near a three-year low, making bullion a more attractive investment for other currency holders.
"The next milestone for gold is $3,500. Expect that before too long," Norman added.
Central bank buying has further buoyed gold, with China's central bank adding to its reserves in March for the fifth straight month.
Gold posted 25 all-time highs this year, of which 13 are above the $3,000 level.