The National Fisheries Development Program plans to attract over $4 billion of foreign and local investment into Saudi Arabia’s fishing industry as part of the Kingdom’s Vision 2030 scheme to diversify the economy.
The man tasked with making this happen over the next eight years is NFPD CEO Dr Ali Al-Shaikhi. His body is mandated by the government to expand the country’s seafood industry, boost food security and grow agricultural exports.
Al-Shaikhi told Arab News: “This was an idea that in 2010 transformed into an initiative. A steering committee hired KPMG to study the potential of the Kingdom’s seafood sector.—AN
