Saudi Arabia’s Ministry of Agriculture predicted investment in aquaculture will increase to SAR 30 billion (near $8bn) over the next 15 years, reports AME info.
After receiving several aquaculture investment bids this year, the ministry’s undersecretary of fish resources affairs, Jaber Mohammed Al-Shehri, said there are some expectations that production will hit 100,000 metric tons to 150,000t in the coming years.
While investments outside Saudi Arabia are still being studied, the ministry is currently focusing on internal investments.
Al-Shehri also said Saudi Arabia and Ethiopia plan to raise investments after signing a trade agreement that will boost the bilateral relations between the two nations.
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