Deals worth $800m signed at largest-ever Saudi exhibition

RIYADH, Oct 29 (Arab News): Agreements worth more than SR3 billion ($800 million) were signed at a four-day gathering focused on food and agriculture in Riyadh.

The Saudi Agriculture exhibition 2023 ran from Oct. 23 to 26, and saw more than 410 exhibiting companies from over 40 countries attend.

The event encompassed three specialised exhibitions - focused on food packaging, agri-food, and aquaculture, respectively - and saw the signing of 16 agreements and three memorandums of understanding, according to the Saudi Press Agency.

The 40th session of the exhibition recorded the largest number of visitors throughout its history, with businessmen, industrialists, and local, regional and international experts in attendance, alongside wholesalers, exporters, importers, and other stakeholders.

The SPA report noted that the signings of the MoUs represent "an important step to enhance agricultural development and encourage investment in this important sector, and an opportunity to achieve self-sufficiency, enhancing food security, and diversifying sources of income in the Kingdom in accordance with the goals of the Kingdom's Vision 2030."