400 global exhibitors showcaselatest agricultural machinery

Updated 25 September 2012
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400 global exhibitors showcaselatest agricultural machinery

Walid bin Abdulkarim Al-Khuraiji, director general of Grain Silos and Flour Mills Organization, opened the Saudi Agriculture 2012, the 31st International Agriculture, Water and Agro-Industry Show at the Riyadh International Convention and Exhibition Center in the capital yesterday. The four-day show, which is being held with the support of Minister of Agriculture Fahd Balghuneim, attracted several key regional and international agriculture industry players and leaders, who will share business, investment and policy views with high-ranking agriculture officials here.
The event reported a substantial 22 percent increase in the number of international exhibitors compared to last year with the participation of more than 400 exhibitors from Saudi Arabia and 22 other countries, including Denmark, Kuwait, Belgium, Canada, China, Cyprus, Egypt, France, Germany, Indonesia, Italy, Korea, the Netherlands, Poland, Qatar, Russia, Spain, Tunisia, Turkey, the UAE and the UK.
Accredited by UFI, the Global Association of the Exhibition Industry, the show enjoys a wide scope, which includes animal health and production, agricultural financing, agricultural products and services, chemicals and fertilizers, cold storage, dairy farming products and equipment, fish farming, greenhouses, handling and transport systems, irrigation and landscaping equipment, organic farming, packaging systems and products, pesticides, pumps and pipe systems, seeds and soil nutrition products, spraying machinery, water treatment, water management systems, and warehousing.
“Saudi Arabia holds a huge potential for investors and businesses that want to work in the region’s largest growing agricultural marketplace,” said Khalid Daou, project manager of Saudi Agriculture at Riyadh Exhibitions Company. He pointed out that the 2012 national budget shows how the government has taken a serious stance toward addressing the food needs of its people.

“So now is the perfect time to forge and strengthen ties among local agricultural and food players,” he noted. Saudi Agriculture is fast becoming one of the leading specialist agricultural events, he added.
Highlighting the significance of the show, Daou said it was an ideal platform for determining which solutions can drive the Saudi food agenda.
Saudi Agriculture 2012 showcases the latest in animal health and production, agricultural finance and banking, agricultural products and services, chemicals and fertilizers, cold storage and crop production, dairy farming products and equipment, fisheries and fish farming, greenhouses, handling and transport systems, irrigation and landscaping equipment, machinery and spare parts, organic farming, packaging systems and products, pesticides, pumps and pipe systems, seeds and soil nutrition products, spraying machinery, water treatment, water management systems and warehousing.
Last year, Saudi Agriculture celebrated 30 years of its continued success. The event that has been running for the past three decades serves as a leading platform for the unveiling of new and advanced developments across local and regional agricultural and food sectors in Saudi Arabia.
Saudi Agro-Food 2012 is held concurrently with Saudi Agriculture and this bi-annual international exhibition, now in its 19th year, is dedicated to the food processing and packaging industry. It features exhibits and events that focus on state-of-the-art products, technologies and services, including frozen and chilled foods, confectionery, chocolates, health and natural foods, presentation, processing and packaging equipment.
The Kingdom with a population of 28 million is the largest individual market in the region. The agro-food sector in the Kingdom is witnessing a steady growth rate, due in part to the rapidly increasing population. Its food and beverages market is worth $ 16 billion.
Kingdom’s domestic organic and natural foods sector is currently valued at around $ 27 billion, accounting for 90 percent of the regional GCC market.
Recent studies reveal that the Kingdom currently has around 34,997 hectares of organically planted land with sales of organic products expected to achieve 10 percent annual growth, fueled by the increasing awareness among the local community about the advantages and diversity offered by organic farming. The study predicts organically planted land to form 5 percent of the total planted area in the Kingdom.
Poultry consumption is expected to grow by 17.2 percent to reach 1.6 million tons in 2016, while milk production could increase by more than 17 percent to 2.1 million tons between 2015 and 2016.
The government has allocated SR 60 billion to boost the domestic agricultural sector this year and is actively looking at regional and global agricultural products and services and focusing on organic alternative farming to meet the growing nutritional needs of its citizens.


Finance minister announces launch of National Privatization Strategy

Updated 11 sec ago
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Finance minister announces launch of National Privatization Strategy

RIYADH: Saudi Arabia’s Minister of Finance and Chairman of the National Center for Privatization Mohammed bin Abdullah Al-Jadaan highlighted the Council of Economic and Development Affairs’ approval to conclude the Kingdom’s privatization program, noting that it had successfully completed its initiatives in line with the approved plan.

Al-Jadaan explained that since its launch, the privatization program has achieved a number of milestones, most notably the establishment of the NCP, which has created over 200 approved projects with total investments estimated at SR800 billion ($213.4 billion).

The program, he added, has also facilitated the signing of nearly 90 contracts, ranging from ownership transfer agreements to public-private partnership deals across multiple sectors.

In addition, it has contributed to strengthening the role of the private sector, improving the efficiency of government asset operations, and developing a legislative and regulatory environment that supports investment, thereby promoting economic diversification and enhancing the Kingdom’s competitiveness.

The minister announced the launch of the National Privatization Strategy, which was approved by the Council of Ministers on Nov. 25.

The initiative aims to enhance the quality and efficiency of infrastructure, improve public services for the Kingdom’s residents, strengthen the private sector’s role in sustainable economic development, and enable the government to focus on its legislative, supervisory, and regulatory functions, while reinforcing financial sustainability, all in line with the country’s Vision 2030.

Al-Jadaan said: “Saudi Arabia seeks to establish a high-quality, efficient future infrastructure capable of delivering world-class public services to citizens, residents, and visitors, while reinforcing the Kingdom’s position as a global reference in public-private partnerships.”

The strategy aims to raise satisfaction levels with public services across 18 target sectors, create tens of thousands of specialized jobs, exceed 220 public-private partnership contracts by 2030, and increase private sector capital investments to more than SR240 billion by 2030.

The NPS has established five main programs to empower and advance the privatization system, along with 42 executive initiatives to achieve its objectives and the Vision 2030 targets related to privatization.

It also includes an executive program dedicated to identifying and prioritizing key privatization opportunities, with over 145 high-priority opportunities already identified, representing attractive investment prospects for the private sector.