April 21, 2024
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Poultry Expo In Riyadh Aims To Boost Vision 2030 Objectives

Poultry Expo In Riyadh Aims To Boost Vision 2030 Objectives:

The second Middle East Poultry Expo will take place in Saudi Arabia from May 1-3 at the Riyadh International Convention and Exhibition Center. The event will hold under the patronage of Abdulrahman Al-Fadli, Minister of Environment, Water, and Agriculture. Over 200 companies from 37 countries and experts in poultry, feed, and animal health will gather for a three-day expo.

Saudi Arabia’s Drive Towards Self-Sufficiency in Poultry Production

The Kingdom is working towards achieving self-sufficiency in poultry production. The goal is to improve investment prospects in the poultry sector and create a suitable avenue for linking domestic investors with global suppliers and specialists. This will help achieve the country’s food security strategy.

More than 500 groups in the livestock industry, such as government agencies, institutions, associations, companies, and non-profits, will show off their products for the supply chains of the poultry industry.

The Expo aims to promote scientific and business exchange and set up business networks in the biggest poultry markets in the MENA. The exhibition will show the latest innovations, solutions, and technologies in the areas of poultry breeding and production, animal health, and the feed business.

The Expo is the poultry industry’s most significant event in the Kingdom and the region. The event covers 11,000 square meters and features poultry, feed, mills, animal health, and nutrition exhibitions.

A symposium on knowledge in the poultry industry will hold alongside the event. Experts from top international companies will participate in scientific lectures to showcase the latest products and solutions that promote industry growth and sustainability.

The Kingdom has one of the area’s largest and fastest-growing poultry industries. Over the years, the Saudi Ministry of Environment, Water, and Agriculture (MEWA) has urged local producers to increase production greatly. This is part of the Saudi Vision 2030 plan to make the country less dependent on oil and grow its economy. MEWA anticipates that by 2025, 80% of production will be done locally, and by 2030, it will be 100%.

Moreover, the Ministry of Environment, Water and Agriculture is providing substantial government support for the industry through loans and projects, in collaboration with the private sector, to increase the percentage of investment in the industry. Until 2025, the industry is set to receive a planned investment of SR17 billion ($4.5 billion) following a recent deal.

The Agricultural Development Fund will also take part in the Expo. Poultry projects are a popular type of agricultural project that receives support and funding from the ADF. The goal of the ADF is to boost support for broiler poultry projects so that the Kingdom can be self-sufficient and use modern technology to increase output.

Takeaways

The Poultry Expo in Riyadh plays a vital part in achieving the Kingdom’s Vision 2030 goals. This event aims to enhance the country’s food security strategy and promote self-sufficiency in poultry production. It brings together industry experts, global suppliers, and domestic investors.

Last Updated on 4 weeks by newseditor

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