Saudi Arabia will pour in $5 billion in the poultry industry in order to boost production as the kingdom looks to achieve self-sufficiency in the sector.
The Saudi Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley said that in targeting 1.3 million tons of broiler chickens per year, the ministry will ensure national food security, increase local content, and create employment opportunities.
Ibrahim Qassem, the director-general of the Animal Resources Services at MEWA, told media that the volume of livestock projects exceeded 980 across all regions of the kingdom.
However, the feed prices soared by more than 90 percent due to the prevalent global factors, which are reflected in the prices of livestock, Qassem said.
He added that the ARS had developed an initiative to investigate and combat animal diseases, reducing losses by 25 percent.