Agricultural projects account for 23% of the Kingdom's estimated SAR 181 billion (€34 billion) private sector investments in 2009.
Saudi Arabia remains the Middle East’s largest market for agricultural products and technologies, posting a steady 8% average annual growth.
The Kingdom imported more than SAR 25.5 billion (€4.8b) worth of agricultural products in 2008, an impressive increase of 42% over the previous year.
This year, agricultural projects are expected to account for 23% of the country’s expected SAR 181 billion (€34 billion) private sector investments, enhancing Saudi's status as major player in the regional agribusiness.
Set to reaffirm the Kingdom's dominance in the fast-growing agriculture sector, this year’s Saudi Agriculture 2009 – the 28th International Agriculture, Water and Agri-industry Show, will gather leading international agricultural investors and companies, manufacturers, and key decision makers to identify new business opportunities in Saudi Arabia.
Organised by Riyadh Exhibitions Company, Saudi Agriculture 2009, the largest specialized agricultural event in the Middle East region, will run from November 1 to 4, 2009 at the Riyadh International Exhibition Centre.
The exhibition will be held concurrently with the Saudi Agro-Food Industries, the 16th International Trade Show for Food Products, Processing and Packaging Technologies.
“The Kingdom relies on growth areas such as agriculture to advance its economic diversification strategy. Saudi Agriculture 2009 will provide valuable insights into the technologies, trends, techniques and issues related to one of Saudi Arabia’s top three economic sectors,” said Khalid Daou, Project Manager of Saudi Agriculture at Riyadh Exhibitions Company.
Saudi Agriculture 2009 will accommodate more than 350 exhibitors from over 20 countries and is expected to surpass the record 10,165 visitors achieved in the previous edition.