Ten French companies to invest in Saudi’s algae industry

[Saudi Arabia, France] Riyadh and Paris have entered into a new phase of cooperation in the algae industry.

Ten French companies have shown interest in developing and cultivating the algae industry in Saudi Arabia with the aim of establishing an effective network capable of meeting the enormous future food and chemical needs.

Spokesman of the Saudi Ministry of Environment, Water and Agriculture Dr. Abdullah Aba-al-Khail told Asharq Al-Awsat that this project will begin in early 2019, indicating that it will contribute to the feed industry in the Kingdom using seawater, in addition to reducing the cost of seeded animal feed.

“This project will cause a leap in the sector in terms of improving the quality of feed used in all agricultural sectors, providing organic fertilizers for the agricultural sector, pharmaceuticals, cosmetic and plastic industries,” explained Aba-al-Khail.

The Ministry of Environment, Water and Agriculture and the French Embassy in Riyadh organized a workshop, titled “Development of the Algae Industry in the Kingdom,” in cooperation with the Saudi Aquaculture Society and with the participation of more than 60 specialists and persons interested in the sector from both sides.

Undersecretary of the Ministry of Environment, Water and Agriculture Eng. Ahmed al-Ayada, for his part, said that French companies have achieved great success in developing the algae industry and have a distinguished experience.

He stressed that 17 Saudi companies participating in the workshop will benefit from this expertise, in addition to three universities, institutes and research centers specialized in the fields of sustainable food, medicine and cosmetics, energy, aquaculture and feed.

Ayada said that this workshop is very important as it is one of the outcomes of the historic visit by Crown Prince Mohammed bin Salman to France in April, during which an agreement was signed between the two countries to develop algae production techniques in the Kingdom through the transfer of technologies and knowledge in the field of production of algae its products.

The aim of the workshop is to ensure a sustainable system for the production of food, medicine and fodder in the Kingdom.

This comes in light of sustainable development in water, energy and food, based on the Kingdom’s Vision 2030, which calls for optimal investment of water resources and focusing efforts in supporting the aquaculture sector and diversifying sources of income.


View original article at: Riyadh, Paris Towards Partnership in Algae Industry Early 2019

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