Saudi Dairy Industry Produces 7 Million Liters Daily

A dairy aisle at a Saudi grocer. (SPA)
A dairy aisle at a Saudi grocer. (SPA)
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Saudi Dairy Industry Produces 7 Million Liters Daily

A dairy aisle at a Saudi grocer. (SPA)
A dairy aisle at a Saudi grocer. (SPA)

The Saudi dairy industry topped national food security products in terms of added value to domestic production, while dairy farm complexes are contributing to achieving self-sufficiency.

Many Saudi dairy products have been exported to foreign markets, competing with international products due to their higher quality and lower price.

Head of the National Committee for Dairy Producers at the Council of Saudi Chambers, Saleh al-Towayan, explained that by the end of 2020, production at 12 national companies reached 7 million liters with a daily filling capacity exceeding 18 million packages, including 35 products that meet local consumption needs.

Towayan said over 10,000 trucks transport and distribute products to 38,000 retail stores on a daily basis.

About 10,500 Saudis work in dairy products companies, while the dairy sector contributes $1.8 billion to the economy.

Saudi companies have expanded their production of dairy products and now 20 to 30 percent of their exports go to Gulf markets.



Biden Pledges Record $4 bln US Contribution to World Bank Fund for Poorest Countries

The World Bank logo. (File/Asharq Al-Awsat Ar)
The World Bank logo. (File/Asharq Al-Awsat Ar)
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Biden Pledges Record $4 bln US Contribution to World Bank Fund for Poorest Countries

The World Bank logo. (File/Asharq Al-Awsat Ar)
The World Bank logo. (File/Asharq Al-Awsat Ar)

US President Joe Biden has pledged a $4 billion US contribution to the World Bank's International Development Association (IDA) fund for the world's poorest countries, two sources with knowledge of the commitment said on Monday, Reuters reported.

Biden announced the US pledge during a closed session during the Group of 20 summit in Rio de Janeiro, according to the sources, who spoke on condition of anonymity.

The amount is a record and substantially exceeds the $3.5 billion that Washington committed in the previous IDA replenishment round in December 2021.