Saudi Arabia begins inventory of overseas agricultural investments

The Saudi Ministry of Environment, Water and Agriculture (MEWA) announced the launch of the overseas agricultural investment inventory program, which targets the segment of Saudi citizens investing outside the Kingdom, as well as producers who supply the Kingdom.

The Ministry explained in a statement on its website that this program comes as an extension of the farm inventory programs and projects in the Kingdom through the agricultural register development project.

The MEWA is willing to inventory and record agricultural investments to the abroad, and perceiving the importance of the project and its impact on the realization of the vision of the Kingdom 2030.

This could be achieved through the development of economic relations specially for the import and export of agricultural products and agricultural investments abroad, ensuring food security and promoting sustainable domestic agricultural production and agricultural investments abroad.

“The Agricultural Investment Inventory Program helps diversify and stabilize foreign food supply sources to support the Kingdom’s food security initiatives and improve opportunities for agricultural and animal investment abroad by enabling issuance of agricultural registers for overseas investment projects, which is of economic benefit to Saudi investors in several respects.” the ministry added,

The Saudi Ministry of Environment, Water and Agriculture (MEWA has also indicated that the program will support the benefits of the wheat purchase program and other products that will be added to Saudi investors abroad.

“It will also support, the financing programs provided by the Agricultural Development Fund for agricultural investments abroad, the concessions provided by the ministry to importers of agricultural products and products of animal origin and coordination through the Ministry of Foreign Affairs with Saudi embassies abroad To serve Saudi agricultural investors abroad, strengthen framework agreements with target countries and strengthen bilateral relations with other countries.” The ministry said.

The Ministry has confirmed that a “Geospatial” portal will be launched which will allow investors in the field of agricultural and animal activities to register through the portal, at the same time calling all Saudi investors abroad to register and benefit from the program and obtain a registration through the portal.