Fund to support 70% of fish farming projects in Saudi Arabia

It stated that global fisheries production is set to reach 181 million tons by 2022. (Reuters)
Updated 13 March 2019

Fund to support 70% of fish farming projects in Saudi Arabia

  • Global fisheries production is set to reach 181 million tons by 2022.

RIYADH: The Agricultural Development Fund (ADF) revealed plans to fund 70 percent of the total cost of projects launched as part of the Fish Farming Support Program on Monday.
The announcement came during the “Investing in Fish Farming” workshop, run by the Riyadh Chamber of Commerce and Industry, the Committee on Agriculture and Food Security and the Ministry of Environment, Water and Agriculture.
Saudi Arabia has the potential to become the world’s leading countries in fish farming.
The strategies of the ADF to promote the sector, meanwhile, have also given it advantages over regional competitors, with the Kingdom’s aquaculture production set to reach 970,000 tons per year by 2029.
A paper on fish farming at the workshop though, presented by Saud Al-Otaibi, aquaculture consultant at Coral Coast Co., showed that the country still imports three times as much fish as it produces. It stated that global fisheries production is set to reach 181 million tons by 2022, highlighting the demand for fish and, by extension, the viability of investment in the sector, but also raising questions over issues of sustainability, professional training, quality control and competition from other markets.


Saudi Arabia says Jeddah fuel tank blast caused by ‘Houthi terrorist missile’

Updated 24 November 2020

Saudi Arabia says Jeddah fuel tank blast caused by ‘Houthi terrorist missile’

  • Energy ministry says blast was result of 'a terrorist attack with a projectile'
  • The Arab coalition says those responsible would be held to account

RIYADH: A missile fired by Houthi militants in Yemen sparked an  explosion and fire at a fuel distribution site near Jeddah on Monday.

The blast took place at 3.50 a.m. and causing a fire in a fuel tank at the petroleum products distribution station, north of the city, Saudi Arabia’s energy ministry said. 

The blast was the result of “a terrorist attack with a projectile,” the ministry said.

Firefighting teams managed to extinguish the blaze, and no injuries or loss of life occurred as a result of this attack.

Saudi Aramco’s supply of fuel to its customers was not affected.

The Arab coalition fighting to restore the internationally recognised government in Yemen said those responsible would be held to account. 

“The terrorist, Iran-backed Houthi militia has been positively identified as the culprits of this cowardly terrorist assault,” coalition spokesman Brig.-Gen. Turki Al-Maliki said. 

The attack, he said, was not just an attack on Saudi Arabia’s national assets, “but on the core of the global economy and its supply routes, as well as the security of global energy.”

He said the attack was a continuation of attacks on other oil facilities in the Kingdom, including a cruise missile and drone assault in Abqaiq and Khurais last year. Those attacks were initially claimed by the Houthis, although evidence suggested they came direct from Iran.

“Substantiated evidence proved the direct involvement of the Iranian regime in those terrorist assaults using Iranian-made advanced conventional weapons,” Al-Maliki said.

He said the coalition would act to safeguard civilians and civilian infrastructure. 

“All terrorist elements who participated in plotting and executing these hostile, terrorist operations against civilians and civilian objects will be held accountable in accordance with the Customary International Humanitarian Law,” he added.

The Gulf Cooperation Council (GCC) has also condemned the attack Jeddah’s fuel facility, saying it supports any measures by Saudi Arabia to protect its security.

The UAE also condemned the attack, saying it is evidence that Houthis are seeking to undermine the stability of the region.

The Yemeni foreign ministry also said the terror attack proves the Houthis' “lack of seriousness towards peace.” 

The Arab League also denounced the “cowardly terrorist attack” that targeted the fuel distribution station in Jeddah.