April 7, 2021
Saudi Arabia to build largest fingerlings farm in MENA
Saudi Arabia plans to set up a 70-million-fingerlings hatchery, the largest in the MENA (Middle East and North Africa) region, officials said on April 6, as the country aims to further boost its multimillion-dollar aquaculture industry, Gulf News reported.
In the presence of the Minister of Environment, Water and Agriculture, Abdulrahman Al-Fadhli, NEOM Company and Tabuk Fish Company signed a memorandum of understanding targeted at expanding aquaculture production and applying a new generation of aquaculture technologies.
The MoU includes developing a fish farm, both within artificial lakes and natural waters, and establishing infrastructure , in line with the Kingdom's Vision 2030, which aims to diversify the country's economy and income sources.
A SR1.3 billion (~US$350million; SR1=US$0.27) development fund is aimed at making the country self-sufficient in seafood production while expanding overseas markets. The Kingdom has set an annual production target of 600,000 tonnes by 2030.