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Agriculture Minister Fahd Balghunaim opened the Saudi Agriculture 2014, the 33rd international agriculture, water and agro-industry trade show, at the capital’s Riyadh International Convention and Exhibition Center here on Sunday.
The Director General of Grain Silos and Flour Mills Organization, Walid bin Abdulkarim Al-Khereiji, and Abdul Rahman bin Abdullah Al-Zamil, president of the Council of Saudi Chambers (CSC) were present at the inaugural ceremony.
The premier agriculture expo, with the participation of 350 exhibitors from 40 countries, will run until Wednesday (Sept. 10).
Ambassador of India Hamid Ali Rao inaugurated the Indian pavilion with the display of products and services from 50 companies.
Riyadh Exhibitions Company has partnered with Advanced Conferences and Meetings to organize the Saudi agriculture seminar series, providing the ideal platform to discuss the current and future overseas agriculture investment business strategies for ¶¶Òõ¶ÌÊÓƵ, ways to improve the efficient use of available resources, and address the current trends in technology and the worldwide agriculture industry to meet the challenges and opportunities in the agriculture industry.
Beginning Monday, a two-day seminar session will be held to provide a closer look to the Kingdom’s investment plans, currently estimated over $12 billion for domestic agriculture projects and over $15 billion for global agriculture investments in nearly 35 countries to increase future food security.
Running till Sept. 9, the seminar will identify potential solutions to the Kingdom’s food security challenges and provide a deep insight on the government’s agenda for strategic investments abroad and offer opportunities to network with key industry stakeholders.
The seminar comprises four key topics: Agribusiness in ¶¶Òõ¶ÌÊÓƵ and exploring future investment strategies, exploring future of greenhouse management and organic farming in ¶¶Òõ¶ÌÊÓƵ, growing industries of poultry farming and aquaculture in ¶¶Òõ¶ÌÊÓƵ, and ¶¶Òõ¶ÌÊÓƵ irrigation challenges and future water resource solutions.
The exhibition covers all aspects of the agriculture and food industries, from cultivation to management, production, packaging and distribution. The event showcases a variety of path-breaking solutions for the agricultural sector, including agriculture building construction, animal health and production, finance and banking, machinery and equipment, chemicals and fertilizers, fisheries and fish farming, greenhouses, irrigation and landscaping equipment, and organic farming.
Held concurrently with Saudi Agriculture 2014 are Saudi Agro-Food 2014, the 21st international trade show for food products, ingredients and technologies, and Saudi Food-Pack 2014 — the 4th international trade exhibition for food processing and packaging.
Noted as the regional industry leader and being UFI accredited event, Saudi Agriculture 2014 has attracted high-ranking government officials, major producers, manufacturers, dealers, agents and distributors to explore new partnerships and growth opportunities within the largest and fastest growing agricultural market in the GCC. The exhibition’s platform is sure to benefit the industry leaders once again.
Last year, there were around 26,000 professional visitors, including high-ranking officials, major producers, manufacturers, dealers, agents and distributors looking to explore partnerships and growth opportunities within the largest and fastest-growing agriculture market in the GCC region.
A drive that is under way in ¶¶Òõ¶ÌÊÓƵ to encourage businesses to invest in farming operations abroad could see the Kingdom improve food security and increase investment opportunities.
In order to reduce water consumption while protecting local consumers against global food price volatility, the Saudi government is incentivizing the private sector to invest in farmlands abroad, with the aim of importing products back into the Kingdom. The government is acting as a facilitator for the Saudi private sector, seeking land and agricultural investments, and providing funds credit and logistics.
Following this shift, ¶¶Òõ¶ÌÊÓƵ is seeking to invest in 35 countries across the world; planting the seeds for fruitful partnerships and joint ventures with international agricultural companies.
With a population growth rate of 2.9 percent, product demand in ¶¶Òõ¶ÌÊÓƵ is set to increase in the medium term.
According to the ninth development plan, demand for wheat, milk, eggs and red meat is expected to grow at an annual rate of 2.1 percent up until 2014, while demand for fruits and vegetables will increase by 2.6 percent, boosting the investment in the agriculture sector to rise by 6.6 percent annually during the same period.