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4 KEY REASONS TO INVEST IN AQUACULTURE IN SAUDI ARABIA
1 FAVORABLE ENVIRONMENTAL ANDCLIMATIC CONDITIONS
2
SaudiArabiaisstrategicallylocatedwitha 1,800 km coastlinealongtheRedsea
SaudiArabia’saccesstotheRedSeaoffersidealconditionsforaquacultureandtheproductionof
high quality seafood: - Pristinewater:7.04mg/lofdissolvedoxygen(DO) - Lowwaveheights:0.5mto1m - Suitabledepth:20mto50mofdepth(dependingon
location) - Adequatesalinity:35to41PPT(dependingonlocation) - Varyingwatertemperaturealongthecost:18˚C(north)
and38˚C(south)makingitpossibleforproductionofa widerangeoffishspecies
SaudiArabia’sseafoodconsumptionisexpectedtogrowby7.4% per annum until 2030
Growing local consumption,drivenbypopulationgrowthandincreaseinconsumptionpercapita,expectedtogenerateanadditionaldemandof
500,000tonsin2030
Withstagnantgrowthincapturefisheriesand stricter safety regulations imposed on imports, aquacultureispoisedtobethemainsourceofsupplyofseafoodinSaudiArabia
Inadditiontolocalconsumption,SaudiArabiaisstrategicallylocatedtobecomeaquality seafood exporter serving the GCC marketaswellastheAsianandEuropeanmarkets
GROWING LOCAL MARKET AND BIG
EXPORT POTENTIAL
03
3 GOVERNMENT COMMITMENTTO GROW THE SECTOR TO
ITS FULL POTENTIAL
4 SaudiArabia’s1,800kmcoastlineontheRedSeaoffersplentyofopportunities
Severalopportunitiesalongtheaquaculturevaluechainarereadyforinvestors,includingfeed mills, hatcheries, grow-outs and processing plants.
15locationshavebeenidentifiedbythegovernmentassuitableforaquacultureafterrigorousexplorationoftheRedSeashores.Assuch,theareasconformtothestandardsadoptedintheKingdomwhichhavebeenissuedbytheFisheries Department in 2017 (1438 AH)
SaudiArabiaishighlycommittedtogrowingtheindustryasbuildingsafe and strategic food reservesaremandatedbySaudiArabia’sVision2030
InlinewithVision2030,theMinistryofEnvironment,WaterandAgriculture(MEWA)launchedadedicatedprogramthatiscommittedtoreach600,000 tons of fisheries products by 2030
Theprogramseta budget of SAR 1.3 bn tounlockthesectorbyinvestingininfrastructure,R&D,andmarketingcampaigns
Inaddition,SaudiArabia’sstrictqualityandsafetyassuranceprogramshavemadeitsseafoodproductsrenownedfortheirsafe and high quality
INVESTMENT OPPORTUNITIES READY
FOR INVESTORS
WITH LONG COASTLINES ALONG THE RED SEA, SAUDI ARABIA IS AN IDEAL LOCATION FOR AQUACULTURE
AQUACULTUREIN SAUDI ARABIA
AL JOWF
HAEL
AL QASIM
AL BAAHA
ASEER
JAZAN
TABOUK
05
CLIMATICCONDITIONS
LONG COASTLINE
LOW WAVE HEIGHTS
SUITABLE CAGE DEPTH
ADEQUATE SALINITYdependingonlocation
PRISTINE WATER AND ADEQUATE DO
SUITABLE WATER TEMPERATUREdependingonlocation
THE RED SEA HAS FAVORABLE AND DIVERSIFIED ENVIRONMENTAL AND CLIMATIC CONDITIONS FOR AQUACULTURE
1,800 km
7.04 mg/l
35 to 41 ppt
20 to 50 m
0.5 to 1 m
18 to 30°C
These conditions allow local production of a wide range of species
SAUDI ARABIA’S SEAFOOD CONSUMPTION CREATES A NATURAL LOCAL MARKET FOR AQUACULTURE
SEAFOODCONSUMPTION
SAUDI ARABIA’S SEAFOOD CONSUMPTION TO GROW AT 7.4% PER YEAR UNTIL 2030 …
Seafood consumption in Saudi Arabia (thousand ton)
Source:NationalFisheriesDevelopmentProgramintheKingdomofSaudiArabia(2016)
2016
+7.4%
500
2018 2020 2022 2024 2026 2028 2030
790
708
630
557
486
420
357
290
0
07
… DRIVEN BY AN INCREASE IN POPULATION AND PER CAPITA SEAFOOD CONSUMPTION
Populationgrowth rate inSaudiArabia
1.4% per year
SaudiArabia’sseafood consumption(toreachglobalaverageof20kgby2030)
6% per capita
POPULATION GROWTH AND INCREASE IN PER CAPITA SEAFOOD CONSUMPTION ARE DRIVING MARKET GROWTH
Source: NationalFisheriesDevelopmentProgramintheKingdomofSaudiArabia(2016)
POPULATION GROWTH
2016
+1.4%
2018 2020 2022 2024 2026 2028 2030
Population in Saudi Arabia (million)
SEAFOODCONSUMPTION
39.4
38.3
37.3
36.3
35.3
34.3
32.6
31
0
09
Source: NationalFisheriesDevelopmentProgramintheKingdomofSaudiArabia(2016)
INCREASE IN PER CAPITA SEAFOOD CONSUMPTIONSeafood consumption per capita (kg)
2016
0
10
20
30
+6%
2018 2020 2022 2024 2026 2028 2030
Worldaverage20 kg
11
AS CAPTURE FISHERIES PRODUCTION IS EXPECTED TO REMAIN STABLE …
… AQUACULTURE PRODUCTION IS EXPECTED TO CAPTURE THE DEMAND GROWTH
Capture Fisheries recorded a 1% CAGR over the past 12 years No further growth is expected in the future
Aquaculture recorded a 12% CAGR over the past 12 years
FISHERIES PRODUCTION
SAUDI ARABIA CAPTURE FISHERIES PRODUCTION HAS BEEN STABLEOVER THE PAST TWELVE YEARS
FISHERIES PRODUCTION
TOTAL CAPTURE FISHERIES PRODUCTION IN SAUDI ARABIA (THOUSAND TONS)
0
20
40
60
+1%
80
2005 2010 2015 2017
Capture fisheries production expected to stabilize at 70,000 tons per year
13
WHEREAS AQUACULTURE PRODUCTION IS GROWING SIGNIFICANTLY
AQUACULTUREPRODUCTION
TOTAL AQUACULTURE PRODUCTION IN SAUDI ARABIA (THOUSAND TONS)
Aquaculture expected to grow at even faster rate due to increase in consumption and increase in competitiveness of local products
0
10
20
30+12%
40
50
60
2005 2010 2015 2017
THE GCC ALSO OFFERS OPPORTUNITIES FOR LOCAL AQUACULTURE PRODUCTS
INTERNATIONAL MARKET
KSAiswellpositionedtocapturethisgrowthinimportsduetoitsproximityandabilitytoprocurefreshproducts
GCC EXPECTED TO IMPORT770,000 TONS OF FISH BY 2030
GCC fish imports (thousand tons)
Source:FAO,MEWA,Industryexperts
0
500 440
770
1,000
2017 2030
+330
15
SAUDI ARABIA HAS THE RIGHT INFRASTRUCTURE ACROSS THERED SEA TO FACILITATE EXPORT
FACILITATING EXPORT
AL JOWF
HAEL
AL QASIM
AL BAAHA
ASEER
JAZAN
TABOUK
11 LOCAL, REGIONAL & INTERNATIONAL AIRPORTS 10 SEAPORTS
Seaports
Airports
Source:SaudiArabia’sVision2030
SAUDI ARABIA IS COMMITTED TO UNLOCKING THE AQUACULTURE SECTOR
We will concentrate our efforts on supporting the aquaculture industry
AQUACULTURE, APRIORITIZED INDUSTRY
UNLOCKING THEAQUACULTURE SECTOR
17
KEY STEPS TAKEN TOWARDS UNLOCKING THE SECTOR
Conducteddetailedandcomprehensivesectorreviewtounderstandcurrent state of fisheries sector
Preparedsectordevelopmentplantoattain sector’s production targets
Establishedadedicated,crosssectorial,program to implement the development plan
Source: MinistryofEnvironment,WaterandAgriculture
“THE NATIONAL FISHERIES DEVELOPMENT PROGRAM IN THE KINGDOM OF SAUDI ARABIA”
OBJECTIVES
EnsureAquaculturesectorinSaudiArabiaiscompetitive and sustainable
Build strong and effective relationshipsbetweentheprivateandpublicsector
Promote local sea food productionlocallyandinternationally
Continuetodevelopandmodernize the post-harvest sector
Establishpartnerships with relevant stakeholderstosupportthesectorinR&D,humancapitaldevelopmentandfinancing
19
THE PROGRAM AIMS AT INCREASING TOTAL SEAFOOD PRODUCTION TO 600,000 TONS BY 2030
FISH PRODUCTION
TARGET PRODUCTION FROM AQUACULTURE IS 530,000 TONS IN 2030
2016
0
200
400
AcquacultureCapturefisheries
600
+13%
800
2018 2020 2022 2024 2026 2028 2030
600
443
339260
205170
131108 530373269190
135100613870 70
7070
70
70
70
70
Source: TheNationalFisheriesDevelopmentProgramintheKingdomofSaudiArabia(2016)
SAUDI ARABIA’S SEAFOOD PRODUCTION (THOUSAND TON)
TO ENABLE THE RAMP-UP, THE PROGRAM WILL SPEND SAR 1.3 BN IN ORDER TO UNLOCK THE AQUACULTURE’S POTENTIAL
PROGRAMSUPPORT
Source:TheNationalFisheriesDevelopmentProgram
PROGRAM FINANCIAL SUPPORT From 2018-2030, SAR million
Infrastructure TotalIncentives
1,26040
100
320
800
PrivateSectorSupport
MarketingCampaign
R&D
21
1
3 4
2
DETAILS OF THEPROGRAM SUPPORT
Develop 8 marine clusters across Saudi Arabia (providingice,fuel,freshwater,power,landingstations,
maintenancefacilities)
Develop support infrastructure (includingProcessingplants,FeedMills,Hatcheriesand
Growoutfacilities)
Continuous researchondevelopingnewspeciesthatcangiveSaudiArabiasustainablecompetitiveadvantage
Promote local products
Buildawarenessabouthighquality,safeandnutritionallyrichlocalproductswithinSaudiArabia
andinternationalmarkets
Providemarketing supportandfundstoorganizeandhostconferences,events,etc.
FINALLY, SAUDI ARABIA IS ALREADY PUTTING IN PLACE STRICT REGULATIONS TO ENSURE SUSTAINABILITY
INDUSTRY SUSTAINABILITY
Source:TheNationalFisheriesDevelopmentProgram
BAP CERTIFICATION
SAMAQ
BIO-SECURITY PROGRAM
BAPcertificationmandatoryforallaquaculturefacilitiesby2020
SaudiArabiaontracktobethefirstcountryintheworldtohavenationallevelBAPcertification
ThisensuresenvironmentallysafeandsustainableproductsandthattheBestAquaculturePracticesareimplemented
NationalAquacultureproductcertificationandbrandscheme,basedonresponsibleAquaculturepractices
SAMAQcertificationtobeusedforthepromotionofKSA’sAquacultureproductstothelocal(andregional)markets
Strongbio-securityprogrambasedoninternationalstandards,withISOcertifiedlabs
SOPsharedwithfarmstoensuresafetyofoperations
Regularmonitoring(monthly)toensureSOPisbeingimplemented
Of the Aquaculture sector and the high quality of its safe local seafood products
23
OPPORTUNITIES ALONG THE VALUE CHAIN AVAILABLE TO ACHIEVE FISH PRODUCTION TARGETS OF 600,000 TONS BY 2030
PRODUCTION TARGET
Source:TheNationalFisheriesDevelopmentProgramintheKingdomofSaudiArabia(2016)
Fishfeed
Hatcheries
InlandfishRASfarming
Coastalshrimpfarming
Marinefinfishcagefarming
Refrigeratedtransport
Chilled/coldstorage
Secondaryprocessing/valueadd
PRE-HARVEST
DESCRIPTION ESTIMATED INVESTMENTS REQUIREMENTS
PRODUCTION
POST HARVEST
1.5 bn SAR1
15 bn SAR2
1 bn SAR3
1.Inlandfishrecirculation,costalshrimpandmarinefinfishfeed2.Cagecollars,nets,moorings,feedstorage,workboats,equipmentandhatcheries3.Transportation,chilledstorage,secondaryprocessing/valueadding
TODAY, 15 MARINE FINFISH AQUACULTURE OPPORTUNITIES ARE READY FOR INVESTORS
AQUACULTURE OPPORTUNITIES
PROVINCE SITE NO. LOCATION
TABOUK
MADINAH
MAKKAH
ASEERJAZAN
123456789101112131415
DubaOmlojYanbuYanbuArrayisMastorahMastorahMastorahRabighAlMuzaylifAlMuzaylifAlMuzaylifAlQunfudahSaeedatAlSawalaehaAlSumairat
Source:TheNationalFisheriesDevelopmentProgramintheKingdomofSaudiArabia(2016)
AL JOWF
HAEL
AL QASIM
AL BAAHA
ASEER
JAZAN
TABOUK1
234
5 678
9
15
10 1213
14
11
25
MAIN AQUACULTURE PLAYERS ON THE RED SEA
Source: MEWA
TABUK FISHERIES
NAQUA
ASMAK
SAUDI FISHERIES
THAWRAT SEAS
ISLAND PRAWN
SAUDI COASTS CO.
JAZADCO
RED SEA AQUACULTURE CO.
27
ImamSaudBinAbdulazizRoad
P.O.Box5927,Riyadh11432
KingdomofSaudiArabia
T+966112035555
F+966112632894
investsaudi.sa
HEADQUARTERS
CONTACT US NOW
Saudi General Investment Authority istheKingdom’sinvestmentpromotionagency.Ourprioritiesaretoattractanddevelopforeigninvestment,enhancethenation’sinvestmentclimate,increasetheeaseofdoingbusiness,andeliminateobstaclesfrominvestors’journey.
Todiscoverthecountlessopportunities,acrossmajoreconomicsectors,thatSaudiArabiahastooffer: