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    Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

    Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

    Arab states imported 1.73 million agricultural commodities from Egypt

    Arab states imported 1.73 million agricultural commodities from Egypt

    Wheat yield boom boosts Oman’s food security

    Wheat yield boom boosts Oman’s food security

    Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

    Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

    Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

    Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt’s agriculture exports rise 17.2 percent in 5 months

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      Saudi: 53 new industrial licenses issued in April 2023

      Saudi: 53 new industrial licenses issued in April 2023

      Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

      Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

      Saudi transport authority approves 15 licensing, technical guides for railways

      Saudi transport authority approves 15 licensing, technical guides for railways

      Number of industrial decisions up by 10.56% to 356 in 2021

      Number of industrial decisions up by 10.56% to 356 in 2021

      Egypt’s macroeconomic conditions improving, says minister

      Egypt’s macroeconomic conditions improving, says minister

      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

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      Oman’s health ministry expected to award construction contract for two health centres in Q3

      Oman’s health ministry expected to award construction contract for two health centres in Q3

      Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

      Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

      Oman releases more Sultan Haitham City details

      Oman releases more Sultan Haitham City details

      Construction activity in Saudi Arabia reaches highest level in years: Survey

      Construction activity in Saudi Arabia reaches highest level in years: Survey

      Oman gears up for its first smart city

      Oman gears up for its first smart city

      Saudi real estate ‘booming’ on big office space demand

      Saudi real estate ‘booming’ on big office space demand

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        NEOM’s green hydrogen project is formally under execution: ACWA Power

        NEOM’s green hydrogen project is formally under execution: ACWA Power

        Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

        Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

        Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

        Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

        UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

        UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Total-led consortium to start drilling offshore Lebanon in September

        Total-led consortium to start drilling offshore Lebanon in September

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          Qatar: Over 700 hotel keys added in Q1

          Qatar: Over 700 hotel keys added in Q1

          Jordan’s tourism income surges 88% as visitors flock to the country

          Jordan’s tourism income surges 88% as visitors flock to the country

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Leisure sector in Qatar stronger after World Cup 2022

          Leisure sector in Qatar stronger after World Cup 2022

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

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        • Agrofood
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          • Agriculture
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          • Food
          Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

          Saudi Arabia’s agricultural GDP grew 38% to $26.6bn in 2022

          Arab states imported 1.73 million agricultural commodities from Egypt

          Arab states imported 1.73 million agricultural commodities from Egypt

          Wheat yield boom boosts Oman’s food security

          Wheat yield boom boosts Oman’s food security

          Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

          Saudi Arabia seeks $20 bln investment in food industry, aims to double exports

          Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

          Saudi Arabia’s ambitions for food production advancement supported by ICRISAT-FAO partnership

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Trending Tags

          • Business & Economy
            • All
            • Business
            • Economy
            • Finance
            • Industry
            • Technology
            • Trade
            • Transport & Logistics
            Saudi: 53 new industrial licenses issued in April 2023

            Saudi: 53 new industrial licenses issued in April 2023

            Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

            Qatar’s non-oil sector maintains growth as PMI hits 53.8 in June

            Saudi transport authority approves 15 licensing, technical guides for railways

            Saudi transport authority approves 15 licensing, technical guides for railways

            Number of industrial decisions up by 10.56% to 356 in 2021

            Number of industrial decisions up by 10.56% to 356 in 2021

            Egypt’s macroeconomic conditions improving, says minister

            Egypt’s macroeconomic conditions improving, says minister

            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman’s health ministry expected to award construction contract for two health centres in Q3

            Oman’s health ministry expected to award construction contract for two health centres in Q3

            Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

            Properties sold in May 2023 jump 114.6%, says Qatar’s PSA

            Oman releases more Sultan Haitham City details

            Oman releases more Sultan Haitham City details

            Construction activity in Saudi Arabia reaches highest level in years: Survey

            Construction activity in Saudi Arabia reaches highest level in years: Survey

            Oman gears up for its first smart city

            Oman gears up for its first smart city

            Saudi real estate ‘booming’ on big office space demand

            Saudi real estate ‘booming’ on big office space demand

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              NEOM’s green hydrogen project is formally under execution: ACWA Power

              NEOM’s green hydrogen project is formally under execution: ACWA Power

              Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

              Ministry of Petroleum announces $9B investment towards oil refining and petrochemical projects

              Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

              Oman’s huge renewable hydrogen potential can bring multiple benefits in its journey to net zero emissions

              UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

              UN-HABITAT partners with LCEC, expanding efforts to provide responsible renewable energy solutions in Lebanon

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Total-led consortium to start drilling offshore Lebanon in September

              Total-led consortium to start drilling offshore Lebanon in September

              Trending Tags

              • Hospitality
                Qatar: Over 700 hotel keys added in Q1

                Qatar: Over 700 hotel keys added in Q1

                Jordan’s tourism income surges 88% as visitors flock to the country

                Jordan’s tourism income surges 88% as visitors flock to the country

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Leisure sector in Qatar stronger after World Cup 2022

                Leisure sector in Qatar stronger after World Cup 2022

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

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              Saudi Arabia to import all its wheat demand by 2016

              Arab News

              April 15, 2013
              in Agriculture
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              The Kingdom is likely to totally depend on wheat imports starting from 2016, says Waleed El-Khereiji, head of Grains and Silos Flour Management Organization (GSFMO).

              Many foreign traders have been scrambling for deals in the Saudi market after the Kingdom decided to scrap its 30-year program to boost local wheat output that had reached self-sufficiency.

              Since 2008, the government started reducing wheat purchases from local farmers at an annual rate of 12.5 percent, an official from the agriculture ministry says.

              He said the Kingdom halted its wheat production program to save underground water.

              GSFMO's announcement confirms that Saudi Arabia is waiting to receive the first soft wheat consignments from overseas exporters.

              The announcement, issued by GSFMO last year, was considering turning to import soft wheat to meet the growing demand from biscuit and other sweet food makers.

              "In the past year, Saudi Arabia's local wheat accounted for SR 770 million, where the GSFMO received 770,000 tons of wheat from local farmers in Saudi Arabia at SR 1 per kilo," said El-Khereiji.

              He said: "2015 will be the last market year for local wheat production. We will be fully dependent on imported wheat from overseas destinations by 2016."

              El-Khereiji said the quantity of wheat to be delivered this year from local farmers is estimated at 800,000 tons.

              Saudi Arabia's production of wheat is expected to decline by 9 percent in 2013 to reach one million tons compared to 2011-2012.

              To help the government achieve its plan, Saudi Arabia augments the reduction in domestic wheat output by importing from international markets.

              Also, the government is likely to maintain its guaranteed purchase price for domestic wheat producers at $ 266.67 per ton until 2016.

              According to the US Department of Foreign Agriculture Services' reports, domestic wheat farmers receive a net payment of $ 240 per ton after a 5 percent deduction for zakat and another five percent deduction for foreign matters (impurity).

              Wheat is one of the most important staple grains in Saudi Arabia where most of it is consumed in the form of pita/flat bread and other types of European bread such as French baguettes, hamburger buns, and toast.

              Total Saudi food wheat consumption in the 2012-2013 marketing year is estimated to increase by two percent, to about 2.9 million tons compared to the consumption level in 2010-2011.

              The consumption of feed quality wheat as animal feed has been increasing for the past two years and is expected to reach about 700,000 million tons by the end of 2013, which will increase total domestic wheat consumption by 21 percent compared to 2010-2011.

              Saudi Arabia's total import volume in 2012-2013 is forecasted to reach 2.5 million tons, of which 1.8 million tons of the commodity is imported by GSFMO for human consumption.

              According to GSFMO, they have been importing wheat with 14 and 12.5 percent protein content at the seller's option mostly from Europe, Canada, the US and Australia. However, GSFMO has occasionally received some high quality wheat shipments from Brazil, Argentina, Latvia and Lithuania.

              GSFMO owns and operates 12 silo complexes in major cities around the country with a total combined storage capacity of 2.5 million tons. GSFMO plans to increase wheat storage capacity to 3.5 million tons by 2016.

              In January 2012, GSFMO signed a $ 149.3 million contracts to build a 120,000-ton wheat storage silos and a flour mill with a daily milling capacity of 600 tons at the Jazan Port, where both projects will be operational in 2014.

              Currently, GSFMO maintains ending stock that covers at least a six-month domestic consumption level. The GSFMO aims at gradually increasing the country's wheat reserves to cover one year of domestic consumption by 2016.

              Wheat traders called for opening the door for more wheat exporters due to the high cost of water and the hot climatic conditions of Saudi Arabia.

              "It is more important than ever to target international wheat exporters. Since the issuing of the decision, Saudi Arabia has been suffering from the declining availability of wheat, thus fueling its prices," said Mohammed Adnan, a wheat trader.

              Hamza Al-Kinani, another wheat trader, said the reduction of wheat production led to some increase in the price of the pizza, sweet, pastry and cake.

              "We couldn't increase the price of the pitas, since its price is determined by the government. Therefore, we are trying to increase the price of other products like pizza, sweet, pastry and cake," he said.

              We are expecting a bigger amount of wheat to come, with the government opening the door for Australian wheat, he said.
              Arab News
              14 april

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