August 21, 2009

Saudi Arabia remains the Middle East's largest market for agricultural products and technologies, with a steady eight-percent average annual growth.

Agricultural projects account for 23 percent of Saudi's estimated SAR181 billion (US$48.3 billion) private sector investments in 2009.

Saudi Arabia imported more than SAR25.5 billion (US$6.8 billion) worth of agricultural products in 2008, an impressive increase of 42 percent over the previous year.

This year, agricultural projects are expected to account for 23 percent of the country's expected SAR181 billion (US$48.3 billion) private sector investments, enhancing Saudi's status as major player in the regional agribusiness.