Saudi Arabia’s Vision 2030: Boosting Seafood Security Through Aquaculture and Investments
Saudi Arabia aims to attain seafood self-sufficiency under Vision 2030, focusing on aquaculture growth to address a shortage despite abundant fishing grounds. The nation imported 215,000 metric tons of seafood in 2020, prompting a push for domestic production. The Ministry of Environment, Water, and Agriculture targets an annual output of 600,000 tons through Vision 2030, with NAQUA, the largest aquaculture enterprise, set to increase production from 60,000 to 250,000 tons by 2030, contributing 42% to national targets.
A significant milestone is NAQUA’s collaboration with SALIC, the Public Investment Fund’s arm, which acquired a 42% stake, accelerating Saudi Arabia’s emergence as a global aquaculture hub. The strategy aligns with Vision 2030’s goals, emphasizing seafood self-sufficiency, economic optimization, and enhanced food security.
The National Fisheries Development Programme (NFDP), a key player, aspires to attract over $4 billion in local and foreign investments for the Saudi fishing sector. Dr. Ali Al-Shaikhi, CEO of NFDP, spearheads the eight-year initiative, promoting agricultural exports, food security, and seafood industry development. With the Gulf’s fishing tradition, the NFDP collaborates with public and private sectors, investing in research, infrastructure, and training to foster a sustainable and innovative aquaculture sector, contributing to Saudi Arabia’s societal well-being and environmental sustainability.