Abdulrahman Al Fadley, Minister of Environment
Abdulrahman Al Fadley, Minister of Environment, Water and Agriculture, announced an expansion plan for the broiler chicken sector and support services, in cooperation with the relevant authorities, with the aim of raising the self-sufficiency rate of poultry meat to 80% by 2025.
The move comes as a first stage to achieve food security, Al Fadley added in a statement.
He noted that the expansion plan will contribute to pumping new investments worth SAR 17 billion into the Kingdom’s poultry production sector until 2025, to achieve a target production capacity estimated at 1.3 million tons of broiler chickens annually.
The plan aims to achieve national food security, increase the contribution to local content, and provide job opportunities.
The financing provided by the Agricultural Development Fund (ADF) for companies and institutions wishing to expand in the poultry production industry amounts to about 70% of the investment cost when using topnotch technologies, Al Fadley said.
He indicated that such new expansion investments come to enhance the role of the poultry production sector in achieving food security and providing local high-quality products at appropriate prices, in line with Vision 2030 that aims to support the private sector and increase its contribution to economic development and gross domestic product (GDP).
The percentage of poultry meat self-sufficiency increased from 45% in 2016 to 68% in 2022, as the ministry seeks, through its plans, programs, follow-up and technical support, to raise the self-sufficiency of poultry meat to 80% in order to achieve food security, Al Fadley concluded.