المملكة: "Clear"The Kingdom is building its food fortress with investments approaching 30 billion riyals

At a time when global challenges related to Food supply chains, Al-Youm newspaper obtained a statistical report on the Saudi experience, which represents an advanced, proactive model in managing the food file, supported by strategic investments.

The report issued by "Clear"the investment arm of the Public Investment Fund, indicates the Kingdom’s contribution to moving about 8% of trade Grainsglobally, in addition to managing more than 20 million tons of strategic commodities, with assets approaching 30 billion riyals.

The report confirmed that these numbers "It does not represent just a financial success, but rather reflects the building of an integrated global infrastructure for food security, based on agricultural investments exceeding 200,000 hectares around the world."

From global concern to food security

The report explained that the Kingdom’s story with food security represents a strategic shift from global concern to food security, as investment in food security has become a sovereign tool to ensure the sustainability of food supplies and contribute to achieving the goals of the National Food Security Strategy, ensuring that global food chains remain open and safe for the Kingdom in various circumstances.

It is worth noting that the Kingdom’s history in food security is an experience based on a deep historical legacy, extending from the concept of "Elaf" In the sixth century, through the efforts of Imam Muhammad bin Saud to secure the routes of pilgrims and enhance food stability, reaching the stage of agricultural empowerment during the reign of King Abdulaziz, who laid the foundations for local production and development of the agricultural sector.

Proactive movements

This historical extension confirms the established fact that "A strong country is the one that holds the keys to its food supply"until global crises, such as the food crisis in 2008, revealed the fragility of global supply chains, after basic commodity prices rose by as much as 83%, which prompted many countries to close their exports to protect their local markets.

Accordingly, SALIC was established in 2009 as a strategic response to this reality, as the Kingdom adopted a new approach based on ownership and direct investment in agricultural assets and global supply chains, instead of relying on open markets only.

And in In conclusion, the Kingdom’s investments in food security work from Australia to South America, and from Canada and Ukraine to India, to build a resilient global network that includes grains, meat, rice, and oils, which has led to the growth of its assets by about 500% in just five years.

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