Saudi Arabia’s date exports rise 15.9% in 2024, reaching $451m

Saudi Arabia maintains around 123,000 palm agricultural holdings across the country. SPA
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Updated 17 April 2025
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Saudi Arabia’s date exports rise 15.9% in 2024, reaching $451m

RIYADH: Saudi Arabia’s date exports saw a 15.9 percent year-on-year increase in 2024, reaching SR1.695 billion ($451.7 million), according to newly released data from the National Center for Palms and Dates.

In the same year, the Kingdom produced more than 1.9 million tonnes of dates, underscoring its significant role in the global date industry, the Saudi Press Agency reported.

Home to over 33 million palm trees—representing approximately 27 percent of the world’s total—Saudi Arabia maintains around 123,000 palm agricultural holdings across the country, further solidifying its position as a global leader in date production.

Looking ahead, the global date market is expected to grow from $120 million in 2023 to $220 million by 2032, with a projected compound annual growth rate of 5.22 percent, according to Market Research Future.

The SPA statement said: “Saudi dates have achieved notable expansion across global markets, reaching consumers in 133 countries. The export value represents a 15.9 percent increase compared to 2023.”

It added: “The growth is attributed to sustained efforts aimed at enhancing the quality of Saudi dates and broadening their global marketing presence, highlighting the increasing importance of the palm and date sector in bolstering the national economy and diversifying revenue streams.”

The Kingdom’s date industry has undergone a remarkable transformation since the launch of Vision 2030 in 2016 — a strategic initiative aimed at diversifying Saudi Arabia’s non-oil economy.

According to recent data, the value of Saudi date exports has surged by 192.5 percent over the past eight years, reflecting an impressive compound annual growth rate of 12.7 percent.

This upward trajectory underscores Saudi Arabia’s continued progress in establishing itself as a key player in the global date market, while also highlighting the sector’s growing role in contributing to global food security.

The sector’s success can be attributed to the unwavering support of the Kingdom’s leadership, recognizing the palm and date industry as a cornerstone of Saudi heritage and cultural identity.

This support is complemented by the collaborative efforts of producers, exporters, and government agencies working to streamline export processes and expand international market reach through strategic partnerships with the private sector.

The cultural and economic importance of dates is symbolized by the inclusion of a date palm flanked by crossed swords in the Saudi national emblem. As a symbol of Arab hospitality and a staple in the daily lives of Saudis, the fruit holds deep-rooted significance in the Kingdom.

In recent years, a range of local and international initiatives have helped elevate the market value of Saudi dates. Notably, the establishment of the National Center for Palms and Dates and the International Dates Council—which brings together 11 date-producing countries—reflects the Kingdom’s leadership in shaping the future of the global date industry.


Saudi Arabia’s PIF rises to 5th among world’s largest sovereign wealth funds  

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Saudi Arabia’s PIF rises to 5th among world’s largest sovereign wealth funds  

RIYADH: Saudi Arabia’s Public Investment Fund has climbed to fifth place among the world’s largest sovereign wealth funds, with assets under management reaching $1.15 trillion. 

According to the latest rankings from the Sovereign Wealth Fund Institute, the PIF demonstrated a strong domestic investment orientation, with 80 percent of its assets allocated within the Kingdom and 55 percent of its portfolio invested in alternative assets. 

This domestic and alternative-heavy allocation contrasts with global trends, as several top-ranked funds, such as Norges Bank Investment Management, maintain zero domestic exposure and lower allocations to alternative investments. 

The PIF recorded an increase of $226 billion in assets by December, up from $925 billion at the end of December 2024, according to a report by Argaam. 

Topping the global rankings is the Government Pension Fund of Norway, managed by Norges Bank Investment Management, with $2.04 trillion in assets. 

China’s State Administration of Foreign Exchange ranked second with $1.69 trillion, while China Investment Corp. placed third with $1.56 trillion. 

The Abu Dhabi Investment Authority ranked fourth, managing $1.18 trillion in assets. 

Established in 1971, the PIF plays a central role in Saudi Arabia’s Vision 2030 economic diversification strategy, deploying sovereign capital across sectors including technology, tourism and infrastructure. 

In December, the PIF reinforced its role as a key driver of economic transformation in the Kingdom by announcing a strategic transaction with global real estate services firm JLL. 

Under the agreement, JLL will acquire a significant stake in Saudi Facilities Management Co., known as FMTECH, a national firm launched by the fund in 2023. The PIF will retain a majority stake, with the transaction expected to close subject to customary regulatory and contractual conditions. 

FMTECH, which serves both PIF portfolio companies and clients across the public and private sectors, will leverage JLL’s global network, digital platforms, and operational expertise to enhance service delivery and operational transparency.  

In November, PIF also completed the sale of part of its stake in Umm Al Qura for Development and Construction Co. through an accelerated bookbuild offering.   

The transaction involved 48 million shares, equivalent to 3.3 percent of Masar’s share capital, and raised more than SR950 million ($253 million) at a final offer price of SR19.8 per share.