المملكة: Minister "the environment" and"Investment" They witness the signing of two agreements to localize the processing of fish and marine products
Today, His Excellency the Minister of Environment, Water and Agriculture, Engineer Abdul Rahman bin Abdul Mohsen Al-Fadhli, and His Excellency the Minister of Investment, Mr. Fahd bin Abdul Jalil Al-Saif, witnessed the signing of two agreements between the Saudi Ministry of Investment, the Sharek Program Center, and Almarai Company, to support the localization of the Fish processing and marine products in the Kingdom.
The signing ceremony took place in the presence of His Highness Prince Nayef bin Sultan bin Mohammed bin Saud Al Kabeer, Chairman of the Board of Directors of Almarai Company, and His Excellency the Secretary General of the Nationalization and Balance of Payments Committee, Dr. Hamad Al Al Sheikh, as this partnership comes within the efforts of the three parties to enable the investments of major companies, and promote the diversification of the national economy in order to achieve the goals of Saudi Vision 2030.
The Ministry of Investment was represented by the Assistant Minister of Investment for Investment Development, Dr. Abdullah Al-Dubaikh, while the Partner Program Center was represented by Mr. Hisham bin Mishari Al-Mishari, in the presence of the Acting CEO, Mr. Fahd bin Abdulaziz Al-Abdulqader, while Almarai Company was represented by the CEO, Mr. Fawaz bin Mohammed Al-Jasser.
Increasing local production
The project aims to enhance food security by increasing the local production of marine products, in addition to raising the efficiency of supply chains and expanding the availability of products in the local market, as it is a strategic step towards localizing part of the supply chains of marine products, and supporting the growth of the wealth sector. Fisheries in the Kingdom.
It also seeks to support the National Strategy for Food Security and the National Strategy for Agriculture, to ensure the sustainability of resources, in addition to achieving the goals of the National Strategy for Localization by replacing imports with local products, and contributing to the localization of 85% of food industries and reducing dependence on abroad by 2030.
The project also aims to enable the Kingdom to become a leading force in food manufacturing, by enhancing private sector investments and innovation, raising the efficiency of value chains, and expanding the range of marine products in the local market, including It contributes to diversifying the national economy and achieving the goals of Saudi Vision 2030.
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