Algae the key as KAUST seaweed biotech aims to boost Kingdom’s fisheries

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Updated 08 February 2022
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Algae the key as KAUST seaweed biotech aims to boost Kingdom’s fisheries

King Abdullah University of Science and Technology is working on expanding Saudi Arabia’s seaweed and algae stocks to boost the Kingdom’s fisheries industry.

The postgraduate research and teaching facility, located 100 km north of Jeddah, is developing projects to feed into the Kingdom’s goal of attracting over $4 billion (SR15 billion) of foreign and local investment into Saudi Arabia’s fishing industry, as part of the Kingdom’s Vision 2030 scheme to diversify the economy.

Claudio Grünewald, a microalgae expert and a project director with KAUST, told Arab News: “We are on a mission to establish algae and seaweed biotechnology in the Kingdom.”

What use do slimy green plants play in the development of a multibillion-dollar industry?

Grünewald said: “Algae and seaweed are widely used in pharma products, cosmetics, fertilizers and food for both animals and humans. For example, in the gel used for canning meat and in the natural coloring of energy drinks. We all consume seaweed and algae-based ingredients every day, but hardly anybody is aware of that.”

The value of global algae and seaweed production stood at around $40 billion in 2020, with anticipated growth of 9.6 percent between 2021 and 2027, according to research firm Global Market Insights

A leading producer in this area is China, but Grünewald believes Saudi Arabia could catch up with and even become the market leader within the next five years. KAUST is carrying out academic research for the private sector to make that happen.

“The Kingdom has plenty of sun, flatland and clean seawater,” Grünewald added, “all of which are the essential factors for the production of marine plants.”

He noted there is little human impact on the Red Sea in terms of sewage and heavy construction, compared to the Mediterranean.

But this raises the question. If the Kingdom’s development of its Red Sea coast brings large numbers of tourists, will this not undermine the pristine quality of its seawater and potential for growing marine stocks?

Grünewald noted: “Tourist development can be done sustainably. For example, wastewater can be used to supply the nutrients necessary to produce algae.

“Similarly, date farming produces a lot of sugar in its waste materials, which are a potential organic carbon and energy source for the production of algae. All of this will contribute to a circular economy.”

KAUST is working with the private sector to turn its research into commercial ventures.

“We have strategic partnership with various companies”, Grünewald added, “for example Naqua (Saudi Arabia’s National Aquaculture Group). And we’re talking to other stakeholders such as the plastics industry, the electricity industry and thermal power plants.”

All these stakeholders will be needed to establish a sustainable marine farming sector in the Kingdom using local materials, resources and workers. KAUST is training young Saudis in seafood farming, from bachelor to postgraduate level, while also hiring locally — 50 percent of the staff across its marine farming projects are Saudi, with women making up half of this figure.

“KAUST is also incubating startup companies”, Grünewald added. “In fact, the Beacon Development Company (a Saudi consultancy providing specialist advice in environment, marine and food projects) began as a startup and is now a KAUST department with 150 staff.”

He said: “We have a mandate from the government to diversify the economy by 2030. In terms of food security, the Kingdom cannot rely on imports.

“We need to produce our own raw materials and do our own processing and adding of value. And this must be sustainable and with high impact social welfare. I think Saudi Arabia can be a leader in algae technology and aquaculture by the end of this decade.”


Closing Bell: Saudi main index closes higher at 10,596 

Updated 23 December 2025
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Closing Bell: Saudi main index closes higher at 10,596 

RIYADH: Saudi equities closed higher on Tuesday, with the Tadawul All Share Index rising 43.59 points, or 0.41 percent, to finish at 10,595.85, supported by broad-based buying and strength in select mid-cap stocks. 

Market breadth was firmly positive, with 170 stocks advancing against 90 decliners, while trading activity saw 161.96 million shares change hands, generating a total value of SR3.39 billion. 

Meanwhile, the MT30 Index closed higher, gaining 6.52 points, or 0.47 percent, to 1,399.11, while the Nomu Parallel Market Index edged marginally lower, slipping 3.33 points, or 0.01 percent, to 23,267.77. 

Among the session’s top gainers, Al Masar Al Shamil Education Co. surged 9.99 percent to close at SR26.20, while Saudi Cable Co. jumped 9.98 percent to SR147.70.  
Cherry Trading Co. rose 4.18 percent to SR25.44, and United Carton Industries Co. advanced 4.09 percent to SR26.46. 

Al Yamamah Steel Industries Co. also posted solid gains, climbing 4.07 percent to end at SR32.70.  

On the downside, Emaar The Economic City led losses, slipping 3.55 percent to SR10.32, followed by Derayah REIT Fund, which fell 2.92 percent to SR5.31. 

Derayah Financial Co. declined 2.13 percent to SR26.62, while United International Holding Co. retreated 1.96 percent to SR155.20, and Gulf Union Alahlia Cooperative Insurance Co. eased 1.92 percent to SR10.70.  

On the announcements front, Red Sea International Co. said it signed a SR202.8 million contract with Webuild S.P.A. to provide integrated facilities management services for the Trojena project at Neom. 

The agreement covers operations and maintenance for the project’s Main Camp and Spike Camp, including accommodation and housekeeping, catering, security, IT and communications, utilities, waste management, fire safety and emergency response, as well as other supporting services.  

The contract runs for two years, with the financial impact expected to begin in the first quarter of 2026. Shares of Red Sea International closed up 0.99 percent at SR34.74. 

Al Moammar Information Systems Co. disclosed that it received an award notification from Humain to design and build a data center dedicated to artificial intelligence technologies, with a total value exceeding 155 percent of the company’s 2024 revenue, inclusive of VAT. 

The contract is expected to be formally signed in February 2026, underscoring the scale of the project and its potential impact on the company’s future revenues.  

MIS shares ended the session 2.82 percent higher at SR156.70, reflecting positive investor sentiment following the announcement.