Search Site

Trends banner

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

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.