‎MEWA launches growth thought to pump SAR 17 bln investments in poultry sector unless 2025


Abdulrahman Al Fadley, Minister of Atmosphere

Abdulrahman Al Fadley, Minister of Atmosphere, Water and Agriculture, launched a spread thought for the broiler chicken sector and encourage companies and products, in cooperation with the relevant authorities, with the target of raising the self-sufficiency payment of poultry meat to 80% by 2025.

The switch comes as a first stage to present food safety, Al Fadley added in an announcement.

He renowned that the growth thought will contribute to pumping new investments worth SAR 17 billion into the Kingdom’s poultry manufacturing sector unless 2025, to present a target manufacturing skill estimated at 1.3 million heaps of broiler chickens annually.

The idea aims to present national food safety, enlarge the contribution to local narrate material, and present job opportunities.

The financing offered by the Agricultural Pattern Fund (ADF) for companies and institutions wishing to enhance within the poultry manufacturing industry amounts to about 70% of the investment effect when the utilize of topnotch applied sciences, Al Fadley stated.

He indicated that such new growth investments arrangement to enhance the feature of the poultry manufacturing sector in reaching food safety and offering local excessive-quality merchandise at acceptable costs, in accordance with Imaginative and prescient 2030 that aims to encourage the inside of most sector and enlarge its contribution to economic constructing and spoiled home product (GDP).

The share of poultry meat self-sufficiency increased from 45% in 2016 to 68% in 2022, because the ministry seeks, by its plans, programs, apply-up and technical encourage, to fetch the self-sufficiency of poultry meat to 80% in repeat to present food safety, Al Fadley concluded.