Saudi Arabia inks deal to export hydroponic products to Netherlands and wider Europe

The signing took place in the presence of the Undersecretary for Agriculture, Engineer Ahmed bin Saleh Al-Ayadah, CEO of the Agricultural Development Fund Munir Al-Sahli, and Yasser Al-Sabali, vice president of Empowering Exporters at the Saudi Export Authority. SPA
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Updated 07 February 2024
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Saudi Arabia inks deal to export hydroponic products to Netherlands and wider Europe

RIYADH: Saudi Arabia has signed an agreement to export products developed using advanced hydroponic farming techniques to the Netherlands and wider Europe. 

According to a report in the Saudi Press Agency, Dava Agricultural Co. signed a deal with Dutch farming and trading firm Lehmann and Troost to export Saudi vegetables to the northwestern European country and the EU. 

The agreement is expected to strengthen the Kingdom’s position in the global agricultural export sector. 

Hydroponics is the science of growing plants without soil and with limited amounts of water.

With a design that demands minimal space, hydroponics gardens can grow fruit, vegetables and flowers in half the time of traditional agriculture, using 90 percent less water.

The deal aims to raise the marketing efficiency of Saudi agricultural products and achieve a balance between production and marketing, in line with Saudi Vision 2030.

The agreement comes within the framework of the plans and vision of Saudi Arabia’s Ministry of Environment, Water and Agriculture to enhance the capacity of the Kingdom’s agricultural sector globally.

According to the report, Saudi Arabia produces many vegetables and fruits, including more than 600,000 tonnes of potatoes annually with a self-sufficiency rate exceeding 80 percent. 

The Kingdom also produces over 650,000 tonnes of tomatoes with a self-sufficiency rate exceeding 67 percent, while it also harvests 1.7 million tonnes of dates with a self-sufficiency rate of 122 percent.

In August 2023, state-run Sustainable Agricultural Rural Development Program, also known as Reef, said that Saudi Arabia reached a 63 percent self-sufficiency rate in the value-added agriculture sector. 

The program, introduced in 2019 to boost the processing and marketing of food produce, has increased and diversified Saudi Arabia’s agricultural production.

Besides supporting 63,000 agricultural projects in the Kingdom, the initiative has helped manage the local markets and lessen the impact of fluctuations in food prices worldwide.

Reef has also diversified its scope by increasing the income of farming families by attracting tourists and ecological enthusiasts to local cultivations and providing tourist outlets to sell farmers’ products. 


No Saudi acquisition offers: FC Barcelona tells Al-Eqtisadiah

Updated 16 December 2025
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No Saudi acquisition offers: FC Barcelona tells Al-Eqtisadiah

CAIRO: FC Barcelona has not received any offers, whether from Saudi Arabia or elsewhere, to acquire the club, according to an official source who spoke to Al-Eqtisadiah.

According to the source, the circulating news regarding the possibility of finalizing a deal to acquire the club in the coming period is a mere rumor.

Recent Spanish reports had indicated the possibility of a Saudi acquisition of Barcelona shares for around €10 billion ($11.7 billion), a move considered capable of saving the club from its financial crises if it were to happen, especially as it suffers from debts estimated at around €2.5 billion.

Sale not in management’s hands

Joan Gaspart, the former president of the club, confirmed that the current board of directors, chaired by Joan Laporta, does not have the right to dispose of the club’s ownership.

He added: “FC Barcelona is owned by about 150,000 members, and selling the club is something the owners will not accept. FC Barcelona possesses something no other club in the world has; money is very important, and so is passion, but the sentiment of the members today is to continue what the club has been for 125 years.”

High market value

Despite the financial crisis the club has been going through in recent years, FC Barcelona ranks sixth on the list of the world’s highest market value clubs, with an estimated value of €1.12 billion, according to Transfermarkt. Meanwhile, its rival Real Madrid tops the list with a market value of €1.38 billion.