Deal signed to boost efficiency of Saudi farmers, ensure food security

The Agricultural Development Fund of Saudi Arabia has signed a memorandum of understanding with the Reef National Foundation, the Saudi Press Agency reported. Reuters/File
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Updated 11 August 2023
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Deal signed to boost efficiency of Saudi farmers, ensure food security

RIYADH: Saudi farmers will have a chance to elevate their standards of living as two of the Kingdom’s leading organizations have reached a deal to enhance developmental and financing support for the agricultural sector.

The Agricultural Development Fund of Saudi Arabia has signed a memorandum of understanding with the Reef National Foundation, the Saudi Press Agency reported.

The MoU aims to increase the efficiency and productivity of farmers, rural families, and craftsmen while enhancing their technical as well as productive capabilities through training programs.

The move is in line with the fund’s objective to boost support for agricultural activity in the Kingdom.

Under the terms of the deal, the two parties will also work to implement and operate targeted initiatives and projects to ensure the development and sustainability of the sector.

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In June, farmers in Saudi Arabia attained SR1.5 billion ($400 million) worth of funding when the agricultural fund signed off a tranche of development loans. quarter of 2015, when contract values touched SR88.1 billion.

The MoU seeks to ensure the exchange of consultations and data as well as participation in workshops and conferences between the two sides.

In June, farmers in Saudi Arabia attained SR1.5 billion ($400 million) worth of funding when the agricultural fund signed off a tranche of development loans.

According to a statement released at the time, it approved the payouts for small farmers involved in greenhouse vegetable production, poultry breeding, and fish and shrimp farming.

Refrigeration warehouses, date manufacturing, and marketing centers also received financial support.

These measures align with the policies of the Ministry of Environment, Water, and Agriculture and the Kingdom’s food security strategy.

Established in 1961, the Agricultural Development Fund was launched to finance agricultural activities in Saudi Arabia by providing loans to farmers.

On the other hand, the Reef National Foundation aims to work with the Ministry of Environment, Water, and Agriculture to achieve the goals of sustainable rural development and support, develop, and enhance the capabilities of farmers in the Kingdom.


Saudi tourism employment surpasses 1m as hospitality sector expands 

Updated 08 January 2026
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Saudi tourism employment surpasses 1m as hospitality sector expands 

RIYADH: Saudi Arabia’s tourism workforce surpassed 1 million in the third quarter of 2025, underscoring the sector’s rapid expansion as the Kingdom continues to develop its hospitality infrastructure and visitor economy. 

According to the latest Tourism Establishments Statistics report released by the General Authority for Statistics, the total number of employees in tourism activities reached approximately 1,009,691 in the third quarter of 2025, marking a 6.4 percent increase compared to the same period in 2024, when employment stood at 948,629. 

The growth in employment comes alongside a significant rise in the number of licensed tourism hospitality facilities, which increased by 40.6 percent year on year to reach 5,622 in the third quarter. Of these, serviced apartments and other hospitality facilities accounted for 52.6 percent, while hotels represented 47.4 percent. 

The robust growth reflected in the latest tourism statistics aligns directly with the goals of Vision 2030, as the Kingdom aims to double tourism’s gross domestic product contribution to 10 percent. The sector is also seeking to create 1.6 million jobs, and attract 150 million visitors annually by 2030.

The report showed that non-Saudi employees made up the majority of the tourism workforce, numbering 764,520 and accounting for 75.7 percent of the total. Saudi nationals employed in the sector reached 245,171, representing 24.3 percent of all tourism workers. 

In terms of gender distribution, male employees dominated the sector with 875,658 workers, while female employees totaled 134,033, making up just 13.3 percent of the workforce. 

Hotel performance showed positive momentum, with the average room occupancy rate rising to 49.1 percent during the quarter, an increase of 2.9 percentage points from 46.1 percent in the same period a year earlier. 

In contrast, serviced apartments and other hospitality facilities experienced a slight dip in occupancy, recording 57.4 percent compared to 58 percent in the same quarter of 2024. 

The average daily room rate in hotels decreased by 3.6 percent to SR341 ($90.9), down from SR354 in the third quarter of 2024. Meanwhile, serviced apartments and similar facilities saw their average daily rate rise by 4.1 percent to SR208, up from SR200 a year earlier. 

The average length of stay in hotels was 4.1 nights, down 1 percent from 4.2 nights in the third quarter of 2024. For serviced apartments and other hospitality facilities, the average stay was 2.1 nights, reflecting a marginal decrease of 0.2 percent year-on-year. 

The statistics draw on administrative records, surveys and secondary data to capture activity across the Kingdom’s tourism sector, GASTAT said.