Tabuk Agriculture Unveils 6-Year Strategic Plan Encompassing 9 Key Focus Areas

The Board of Directors of Tabuk Agricultural Development Company “Tabuk Agriculture” announced on Sunday to the shareholders the Board’s decision in the session held on Saturday, 20th Jan 2024, to approve the company’s strategic plan for the period from 2024 to 2030.

The company’s strategy includes alignment with the objectives of the Kingdom’s Vision 2030 to achieve the company’s pioneering and sustainability in the food and agribusiness investments by taking advantage of its geographical location and resources through diversifying revenues that contribute to maximizing the use of the company’s available assets and maximizing the return to shareholders.

The strategy aims to enter into qualitative strategic partnerships that contribute to achieving sustainable development by adding new activities and focusing on products with a competitive advantage.

The strategy contains main themes and objectives, the most important of which are:

1. Increasing and improving agricultural production and developing and sustaining its products in a way that contributes to enhancing food security in the Kingdom of Saudi Arabia.

2. Increase and enhance investment in food trade.

3. Expanding in the field of food processing.

4. Optimal management of costs, increasing and diversifying revenues

5. Strengthening the brand and distribution channels and developing the relationship with customers and stakeholders.

6. Establishing strategic and logistical partnerships, and employing modern agricultural technologies.

7. Employing modern technology and digital transformation to achieve operational excellence, added value for customers, and introducing modern agricultural technologies.

8. Achieving institutional excellence in administrative and operational processes to enhance innovation, sustainability, and optimal utilization of the company’s assets.

9. Leading financing requirements and solutions to achieve the strategy.