Size of Saudi Agriculture Market

 

In order to achieve the objectives of the vision of food security and food quality, the Kingdom has paid great attention to agricultural areas. What is the size of this market and what is its projected growth rate for the coming years? What are the main areas of focus of IFAD’s programs?

 

– The total production in the agricultural market is expected to be US $15.70 billion in 2023 in the Kingdom. (According to Statsta Statistics and Research Platform – excluding fishery agriculture and agroforestry from these figures).

 

The annual growth rate is expected to be 3.56% until 2028.

 

– More indicators on agricultural investment and the best desired areas are available in the following report of the Ministry of Environment, Water and Agriculture:

 

https://mewa.gov.sa/ar/InformationCenter/Researchs/Reports/GeneralReports/%D9%85%D9%88%D9%94%D8%B4%D8%B1%D8%A7%D8%AA%20%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1.pdf

 

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