State-owned NEOM and The Red Sea Development Co. are spearheading the Saudi government’s efforts to boost the yields of the aquaculture sector fivefold by 2030 in coordination with other key private players.
The sector is expected to get a boost in the short-to-medium term through various projects to increase production to 600,000 tons per year, the deputy minister for agriculture told Arab News.
In addition to NEOM and The Red Sea Development Co., the projects will be implemented with the assistance from Naqua, Jazadco, Saudi Fisheries Co., said Ahmed Aleyada. —AN
