The aquaponics system relies on the use of fish waste to feed plants. and purify water suitable for feeding fish. As Saudi Arabia looks to incentivize national investment. and accelerate it. Building a sustainable economy based on economic diversification. and technical development. The Aquaponic Farm project in Saudi Arabia is one of the most promising projects under Vision 2030.
What is an aquaponics farm?
The aquaponics system combines plant cultivation with fish farming, relying on fish waste to feed the plants. In turn, the plants purify the water for the fish. by following a cycle that prevents the conversion of nitrates from fish waste. And the remnants of feeding. The plant relies on absorbing natural nitrate as an organic fertilizer and preventing nitrate from turning into ammonia.
In 2020. The global aquaculture market is valued at USD 301.95 billion and is expected to reach USD 448.06 billion in 2027, achieving a CAGR of 5.8% during the forecast period.
The number of fishing boats in the Arabian Gulf and Red Sea is 10,697.
The total fishing labor force is 30,257 individuals.
Fish catches in freshwater aquaculture projects increased from 7,710 tons in 2016 to 22,763 tons in 2020.
Fish catches in fish farming projects (saltwater) increased from 32,570 tons in 2016 to 77,237 tons in 2020.
_ The total catch from marine fisheries and fish farming, according to 2020 statistics, reached 165,630 tons.
For more details on the latest economic indicatorsand investment opportunities in Saudi Arabia, as well as the most prominent financing entities that support successful investment projects in Saudi Arabia, you can contact the investor service team from Mashrouk Consulting.
