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Saudi Arabia's Fisheries Department, Headed by Hussein Al-Nazari, Reports Significant Surge in Fish Production, Targeting 80% Increase in 2023 to Reach 214,600 Metric Tons, Up From 119,000 Metric Tons the Previous Year.
Despite the Growth, Domestic Fish Consumption Continues to Outpace Production, Leading to Heavy Reliance on Seafood Imports to Meet Demand.
To Address the Discrepancy, Saudi Arabia Initiates Efforts to Accelerate Development of 16 Fishing Ports Along Coastal Areas, Aiming to Boost Marine Fish Production, Which Remains the Primary Source of Seafood.
Government Seeks Private-Sector Investment, Offering Incentives Including Capital Expenditure Coverage, Financial Support, Interest-Free Loans, and Equipment Discounts to Encourage Investment in Fish Production.
Short-Term Goal Focuses on Advancing Towards Self-Sufficiency in Seafood Supply, With Emphasis on Fish Farming, Particularly High-Yield Breeds.
NEOM, the Futuristic City Planned in Western Saudi Arabia, Highlights Aquaculture in Its Development Plans, Featuring OXAGON Project Aiming to Produce Over 50,000 Metric Tons of Fish Annually Through Advanced RAS Pond Systems.
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