Saudi Arabia Plans to Invest $4.5b in Poultry Production

Saudi Arabia seeks to boost the self-sufficiency rate of poultry meat - Asharq Al-Awsat
Saudi Arabia seeks to boost the self-sufficiency rate of poultry meat - Asharq Al-Awsat
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Saudi Arabia Plans to Invest $4.5b in Poultry Production

Saudi Arabia seeks to boost the self-sufficiency rate of poultry meat - Asharq Al-Awsat
Saudi Arabia seeks to boost the self-sufficiency rate of poultry meat - Asharq Al-Awsat

Saudi Minister of Environment, Water, and Agriculture Eng. Abdulrahman bin Abdul Mohsen Al-Fadhli revealed an expansion plan for the broiler sector and support services, in cooperation with the relevant authorities, to boost the self-sufficiency rate of poultry meat to 80% by 2025 as a first stage to achieve food security.

The expansion plan will contribute to pumping new investments into the poultry production sector in the Kingdom with a value of SR17 billion ($4.5 billion) until 2025, to achieve a target production capacity estimated at 1.3 million tons of broiler chickens annually, the Minister said.

He also affirmed that the plan will help achieve national food security, increase the contribution to local content, and provide jobs opportunities.

Al-Fadhli stressed that the Agricultural Development Fund for companies and institutions wishing to expand in the poultry production industry would provide around 70% of the investment cost when using advanced technologies, adding that the new expansion investments will boost the role of the poultry production sector in achieving food security and providing high-quality local products and appropriate prices.

This comes in line with the goals of Vision 2030 to support the private sector, increase its contribution to economic development, and raise its contribution to the gross domestic product.

Al-Fadhli hailed the Saudi government for the constant support it provides to the sector to achieve food security.

Saudi Arabia's self-sufficiency in poultry meat production increased from 45% in 2016 to 68% in 2022, as the Ministry seeks to raise the self-sufficiency rate of poultry meat to 80% to achieve food security.



Saudi Arabia, US Commit to Deeper Economic Ties with Energy, Industry Deals as Trump Visits Riyadh

Crown Prince Mohammed bin Salman, Crown Prince and Prime Minister, and US President Donald Trump speak during a meeting at the Royal Palace in Riyadh, Saudi Arabia, Tuesday, May 13, 2025. (AP)
Crown Prince Mohammed bin Salman, Crown Prince and Prime Minister, and US President Donald Trump speak during a meeting at the Royal Palace in Riyadh, Saudi Arabia, Tuesday, May 13, 2025. (AP)
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Saudi Arabia, US Commit to Deeper Economic Ties with Energy, Industry Deals as Trump Visits Riyadh

Crown Prince Mohammed bin Salman, Crown Prince and Prime Minister, and US President Donald Trump speak during a meeting at the Royal Palace in Riyadh, Saudi Arabia, Tuesday, May 13, 2025. (AP)
Crown Prince Mohammed bin Salman, Crown Prince and Prime Minister, and US President Donald Trump speak during a meeting at the Royal Palace in Riyadh, Saudi Arabia, Tuesday, May 13, 2025. (AP)

Saudi Arabia and the United States signed on Tuesday energy and industry agreements as President Donald Trump visited Riyadh where he was welcomed by Crown Prince Mohammed bin Salman, Crown Prince and Prime Minister.

“The United States and Saudi Arabia share a commitment to deeper economic integration, underscoring the Kingdom’s pledge of expanding cooperation in critical sectors such as health, energy, and science,” said White House in announcing the agreements.

The US Department of Energy and Saudi Ministry of Energy concluded an agreement for cooperation in the field of energy exchanged by Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz and US Secretary of Energy Chris Wright.

“This agreement builds upon their strong existing relationship; it will focus collaboration on examining the potential for innovation, development, financing, and deployment of energy infrastructure,” said the statement.

The Saudi Ministry of Industry and Mineral Resources and US Department of Energy signed a Memorandum of Cooperation to collaborate on mining and mineral resources. “The agreement contributes to economic development and the diversification and resilience of critical mineral supply chains,” added the statement.

NASA and the Saudi Space Agency signed an agreement for a CubeSat to fly on NASA’s Artemis II test flight. Saudi Arabia’s CubeSat will measure aspects of space weather at a range of distances from Earth and deploy in high Earth orbit from a spacecraft adapter on the Space Launch System rocket after the Orion spacecraft is safely flying on its own with its crew of four astronauts.

The US and Saudi Arabia recently agreed to modernize the Air Transport Agreement to allow US airlines to carry cargo between Saudi Arabia and third countries without needing to stop in the United States, an important right for cargo hub operations. Saudi carriers will have the same rights to serve the United States.

Trump had arrived in the Kingdom earlier on Tuesday on his first overseas trip since his reelection. He will next visit the United Arab Emirates and Qatar.

Saudi Arabia and the United States also signed the largest defense sales agreement in history, worth nearly early $142 billion.