INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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.