Saudi Arabia’s food consumption is expected to grow by 53 per cent to reach $113 billion by 2016, said a report.
Per capita food consumption is also expected to grow by 40 per cent over the same period to reach $2,104, the report
The value food and agricultural commodity imports into Saudi Arabia currently stands at around $2.62 billion per year, marking 15 per cent of the total imports at $17.5 billion, said the organisers of an upcoming agriculture expo in Riyadh.
Saudi Arabia’s food consumption is expected to grow by 4.2 per cent between 2011 and 2015, driven by factors such as rising income levels, population growth, lifestyle shifts, and a thriving domestic economy.
The Saudi Gover
Over 315 exhibitors from more than 33 countries are in Riyadh to take part in "Saudi Agriculture 2011 – The 30th International Agriculture, Water and Agro-Industry Show," which opens on Monday.
A premier business-to-business agri
Saudi Arabia is investing $12.3 billion in domestic agriculture projects as well as to acquire land abroad to ensure food security, said the organisers of an upcoming international agro-industry event in Riyadh.
The projects include the Ki
Kuwaiti firms and other GCC members are looking to invest in agriculture and food in Turkey, and could sign a number of contacts this year, the head of Turkey's investment agency has said.
"We have got a lot of interest...specifically Kuwa
More than 500 exhibitors from over 30 countries are taking part in two ongoing agriculture and agro-food products and services events which opened yesterday (November 1) in Riyadh.
Saudi Agriculture 2009 and Saudi Agro-Food 2009, inau