Saudi Arabia’s fisheries, aquaculture production jumps 55.56% in 2023

Saudi Arabia’s National Fisheries Development Program is focused on sustainably boosting the economic role of the fisheries and aquaculture sector. Shutterstock
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Updated 08 October 2024
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Saudi Arabia’s fisheries, aquaculture production jumps 55.56% in 2023

  • Total catch from marine fisheries in the Red Sea and Arabian Gulf reached 74,700 tonnes
  • Kingdom annually exports 59,844 tonnes of fish and shrimp, totaling SR1.1 billion

JEDDAH: Saudi Arabia’s fisheries and aquaculture production rose by 55.56 percent in 2023 to over 140,000 tonnes, underscoring the Kingdom’s commitment to food self-sufficiency and sustainable development.

The Ministry of Environment, Water, and Agriculture said that the country has set new records in saltwater and inland aquaculture projects, achieving unprecedented production levels compared to the 90,000 tonnes recorded in 2021, according to the Saudi Press Agency.

MEWA added that the total catch from marine fisheries in the Red Sea and Arabian Gulf reached 74,700 tonnes, marking a 16.2 percent increase from 64,300 tonnes at the end of 2022, bringing the combined production from aquaculture projects and marine fisheries to 214,000 tonnes last year.

Saudi Arabia’s National Fisheries Development Program is focused on sustainably boosting the economic role of the fisheries and aquaculture sector. The initiative emphasizes optimizing natural resource use, increasing the division’s contribution to the gross domestic product, achieving self-sufficiency in seafood, and diversifying income sources.

Aquaculture in the Kingdom began in 1982 and has evolved significantly, positioning the nation as a leading exporter of white shrimp. The country has set an ambitious target to produce 600,000 tonnes of fish by 2030 while fostering local investments and generating job opportunities.

The ministry is implementing strategic programs to boost fish product self-sufficiency, improve quality standards, introduce new species for farming, and attract investments. It also aims to raise individual fish consumption to 13 kg annually.

The authority said that key fish species produced in Saudi Arabia include Nile tilapia, sea bass, sea bream, shrimp, and varying proportions of other groups.

The ministry said the fisheries sector is experiencing rapid growth due to its developmental efforts and increased investments. It highlighted a significant rise in aquaculture projects across marine, inland waters, and closed systems. Furthermore, expanding development loans in aquaculture and marine fisheries has contributed to this progress.

The ministry also underscored its focus on promoting modern technologies, supporting and facilitating investment procedures, and enhancing the capabilities of small-scale fishermen.

MEWA said that these efforts are designed to empower the private sector and enhance agriculture’s contribution to the national economy, aligning with the objectives of Saudi Vision 2030.

The Kingdom annually exports 59,844 tonnes of fish and shrimp, totaling SR1.1 billion ($293 million), shipping the seafood to international markets. 


Closing Bell: Saudi main index rises to 10,894

Updated 13 January 2026
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Closing Bell: Saudi main index rises to 10,894

RIYADH: Saudi Arabia’s Tadawul All Share Index extended its upward trend for a third consecutive day this week, gaining 148.18 points, or 1.38 percent, to close at 10,893.63 on Tuesday. 

The total trading turnover of the benchmark index stood at SR6.05 billion ($1.61 billion), with 144 listed stocks advancing and 107 declining. 

The Kingdom’s parallel market Nomu also rose by 81.35 points to close at 23,668.29. 

The MSCI Tadawul Index edged up 1.71 percent to 1,460.89. 

The best-performing stock on the main market was Zahrat Al Waha for Trading Co., with its share price advancing 10 percent to SR2.75. 

Shares of CHUBB Arabia Cooperative Insurance Co. increased 8.27 percent to SR23.04, while Abdullah Saad Mohammed Abo Moati for Bookstores Co. saw its stock climb 6.17 percent to SR50.60. 

Conversely, the share price of Naseej International Trading Co. declined 9.90 percent to SR31.48. 

On the announcements front, Arabian Drilling Co. said it secured three contract extensions for land rigs with energy giant Saudi Aramco, totaling SR1.4 billion and adding 25 active rig years to its backlog. 

In a Tadawul statement, the company said one rig is currently operational, the second will begin operations by the end of January, and the third — currently suspended — is expected to resume operations in 2026. 

Since November 2025, Arabian Drilling has secured seven contract extensions amounting to SR3.4 billion, representing 55 committed rig years. 

The three contracts have durations of 10 years, 10 years, and five years, respectively.

“Securing a total of SR1.4 billion in new contracts and expanding our backlog by 25 rig-years demonstrates both the trust our clients place in us and our ability to consistently deliver quality and reliability,” said Ghassan Mirdad, CEO of Arabian Drilling, in a statement. 

Shares of Arabian Drilling Co. rose 3.15 percent to SR104.70. 

Separately, Alkhorayef Water and Power Technologies Co. said it signed a 36-month contract valued at SR43.35 million with National Water Co. to operate and maintain water networks, pumping stations, wells, reservoirs, and related facilities in Tabuk. 

In October, Alkhorayef Water and Power Technologies Co. announced it had been awarded the contract by NWC. 

In a Tadawul statement, the company said the financial impact of the deal began in the fourth quarter of 2025. 

The share price of Alkhorayef Water and Power Technologies Co. declined 0.49 percent to SR120.70.