INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

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.