Search Site

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Saudi agriculture sector grows 7.8% to value at $19.23bn

Saudi farmers harvest Khawlani coffee beans at a coffee farm in Saudi Arabia's southwestern region of Jizan. (AFP)
  • The positive growth in the sector has been attributed to the strategies implemented by the kingdom's government corresponding with Vision 2030
  • The sector’s contribution to the gross domestic product in general amounted to 2.3 percent last year, while the contribution of agricultural output to non-oil GDP was 3.6 percent

The agriculture sector of Saudi Arabia has grown 7.8 percent to $19.23 billion in 2021, the highest in more than five years, according to the kingdom’s official news agency.

The positive growth in the sector has been attributed to the strategies implemented by the kingdom’s government corresponding with Vision 2030.

According to the the Ministry of Environment the recovery from the coronavirus disease pandemic also helped the sector’s growth.

The agriculture output in 2017 was estimated at $17.41 billion, around $17.48 billion in 2018, and $17.65 billion in 2019, and $18 billion in 2020.

The sector’s contribution to the gross domestic product in general amounted to 2.3 percent last year, while the contribution of agricultural output to non-oil GDP was 3.6 percent, an increase of 0.2 percent compared to 2020.