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RIYADH: Saudi Fisheries Co. has strongly contributed to the ambitious plan of the Kingdom’s marine sector since its establishment, even as its stock tumbled over the years. Owing to major steps taken by the fisheries firm, Saudi Arabia saw its traditional aquaculture industry transform into an export-oriented and modernized hub. The Saudi Arabian aquaculture market reached a
RIYADH: Saudi Arabia is eyeing a rise in shrimp exports to Russia to 20,000 tons next year, the CEO of the National Fisheries Development Program told CNBC on Sunday. In an interview, Ali Al-Shaikhi said currently the Kingdom exports over 3,000 tons of shrimp to Russia. He said due to its good quality, Saudi shrimp is in high demand in Russia. Saudi Arabia is taking several
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RIYADH: 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