Deals worth $800m signed at largest-ever Saudi Agriculture exhibition

The event saw the signing of 16 agreements and three memorandums of understanding, according to the Saudi Press Agency.
Short Url
Updated 27 October 2023
Follow

Deals worth $800m signed at largest-ever Saudi Agriculture exhibition

RIYADH: Agreements worth more than SR3 billion ($800 million) were signed at a four-day gathering focused on food and agriculture in Riyadh.

The Saudi Agriculture exhibition 2023 ran from Oct. 23 to 26, and saw more than 410 exhibiting companies from over 40 countries attend.

The event encompassed three specialized exhibitions – focused on food packaging, agri-food, and aquaculture, respectively – and saw the signing of 16 agreements and three memorandums of understanding, according to the Saudi Press Agency.

The 40th session of the exhibition recorded the largest number of visitors throughout its history, with businessmen, industrialists, and local, regional and international experts in attendance, alongside wholesalers, exporters, importers, and other stakeholders.

The SPA report noted that the signings of the MoUs represent “an important step to enhance agricultural development and encourage investment in this important sector, and an opportunity to achieve self-sufficiency, enhancing food security, and diversifying sources of income in the Kingdom in accordance with the goals of the Kingdom’s Vision 2030.”

The largest national pavilion belonged to the Netherlands, which highlighted Dutch expertise in areas such as greenhouse agriculture, smart farming, and irrigation systems.

Other countries to be represented at the exhibition included China, India, and Thailand, as well as Spain, Turkey, and Georgia.

Amongst the agriculture developments on display were incubator and nursery technologies, vertical and hydroponic farming technologies, and industry specific robots.

 “Visitors expressed great admiration for the various activities of the exhibition, where specialized workshops were presented with the participation of experts and specialists from various countries of the world, in dialogue sessions and workshops that dealt with vital areas related to modern agricultural industries, systems and practices, in addition to discussing ways to achieve food security and sustainability,” said the SPA report.

Increasing Saudi Arabia’s food security is a key priority for the Kingdom. 

In September, Ahmed Osilan, the managing director and executive board member at Tanmiah Food Co., told Arab News that Saudi Arabia is on the cusp of achieving breakthroughs in the production of vital crops which could open up new trade markets for the Kingdom.

His company is particularly focused on cultivating corn and soybeans in Saudi Arabia as these are needed for poultry feed, which in turn would boost the Kingdom’s hatching egg industry.

“We’re one step away from achieving the highest level of food security,” he said at the time.


New SPARK launch ushers Eastern Province from black gold to EV charging and AI mobility

Updated 10 December 2025
Follow

New SPARK launch ushers Eastern Province from black gold to EV charging and AI mobility

DAMMAM: The lavender carpet was rolled out and the symbolic shovels were placed in decorative sandboxes as Smart Mobility broke ground, bringing Saudi-made EV charging to life at its first manufacturing facility at King Salman Energy Park in Dammam.

As part of the ceremony, Smart Mobility inaugurated SPARK’s first electric vehicle charging station.

The project brought together Foxconn Interconnect Technology, a unit of Taiwan’s Foxconn that makes components used for connectivity, and Saudi’s Saleh Suleiman Alrajhi & Sons. 

It also represented a significant milestone in supporting foreign investment in the Kingdom and a major step toward localizing advanced manufacturing capabilities in order to support the rapidly-growing EV market.

“As we gather today to celebrate a groundbreaking of an important edition in this ecosystem …we’re creating a community— with all that comes with a community,” SPARK President and CEO Mishal Al-Zughaibi said.

He highlighted the park’s proximity to the Kingdom’s core energy infrastructure.

It will be headquartered in the Eastern Province, notably near to where Aramco’s Well No. 7, later named “Prosperity Well,” struck black gold in 1938, six years after the country unified as a Kingdom. That discovery changed the country — and the world. 

In recent years, there has been a tremendous effort to diversify beyond oil and, once again, the Eastern Province is at the forefront, but this time, it is using innovation and AI to catapult the Kingdom into that new realm. 

The location was also ideal, it was noted, on several levels, including how it would allow for ample access to ports, and the planned integration with the future GCC Railway network would additionally create a unified regional manufacturing and export corridor. 

According to Smart Mobility, SPARK facility was created with the aim to produce Saudi-made EV charging solutions, including the Charging Point Management System. Three products are already certified by the Saudi Standards, Metrology and Quality Organization. 

Launching in 2026, the project aims to align with Vision 2030 and to support local content goals, which will be overseen by the Local Content and Government Procurement Authority.

Smart Mobility CEO, Prince Fahad Nawaf Al Saud, who was on hand, said the decision to build at SPARK was strategic.

“SPARK is the Kingdom’s primary hub for energy, logistics and industrial innovation. For EV infrastructure to scale reliably, it must be integrated with the country’s most critical energy assets,” he said.

Prince Fahad also addressed the evolving and morphing nature of the industry, saying: “Mobility is being reshaped by artificial intelligence. Vehicles are becoming intelligent systems that think, react and connect. Level-4 autonomous capability is accelerating globally and these systems depend on electric platforms.”

He added that if the Kingdom aims to lead in AI, automation and smart city technologies, it must develop EV infrastructure as a foundational national pillar.

“EVs are not simply a fuel alternative — they are the operating system of the AI era,” he said.

Prince Fahad stated: “This groundbreaking ceremony is not only a milestone for Smart Mobility, it is a milestone for the Kingdom.”

He added: “Guided by his Royal Highness Crown Prince Mohammed bin Salman, we built this with the support from the Ministry of Energy, Ministry of Industry, and Ministry of Investment and many government entities that continue to empower our national ambitions to localization and advanced manufacturing.” 

Continuing to address the crowd, Prince Fahad said: “Some people in Saudi love petrol cars, fuel is cheap — why would anyone shift it to electric? And they are right (to question that). Traditional vehicles are still deeply loved, but we must also recognize the truth.” 

The truth, to him, is that AI is “no longer science fiction,” it is reality now. “We are entering an age where we must respond quickly to global changes … we have much work ahead to test, to certify, to scale and to deliver on the promise,” he said.

“The world is entering a new chapter defined not by horsepower but by computing powe r— and Saudi Arabia must lead, not follow in this transition,” Prince Fahad added.. 

FIT Chairman and CEO Sidney Lu noted that next year the Chinese calendar will welcome the Year of the Horse, an apt metaphorical transition as it signals powerfully moving forward from old to now.

He was excited to be on the ground on his first visit to the Eastern Province. 

“FIT brings decades of experience in precision manufacturing, high-reliability electronics, and large-scale global production,” Lu said, adding: “Our shared objective is clear: bring world-class technologies into Saudi Arabia, embed them locally and position Saudi-made solutions for future export.”

While Lu headed back to his home in Taiwan following the meeting “to recharge,” he said the joint venture will be showcasing FIT’s global manufacturing expertise with Saudi Arabia’s industrial ambitions — and that gives him much energy. 

 “I love this place. Every time I come over here, I get inspired; inspired by the spirits, by the energy, by the youth. And I really get inspired with how people are willing to move forward,” Lu told Arab News.