Riyadh, September 17, 2024, The Kingdom of Saudi Arabia has announced the localization of rose cultivation and production to help meet the increasing demand in local markets, create new job opportunities in the agricultural sector, and address the high cost and lower quality of imported roses.
The decision also aims to open markets for exporting Saudi roses to Gulf and Middle Eastern countries, contributing to the agricultural sector's growth in line with the goals of the Saudi Vision 2030.
The Ministry of Environment, Water, and Agriculture revealed several incentives to support the growth and development of the sector, providing financial returns that bolster the economic position of rose producers.
Among the most notable incentives is the success of tissue culture rose cultivation, which contributes to the development and flourishing of rose farming while reducing production costs.
The ministry also offers suitable agricultural land for rose projects at encouraging prices, investment opportunities that leverage the comparative advantages of roses, and loans from the Agricultural Development Fund covering 70% of project costs.
Additionally, the ministry provides technical support for rose cultivation and production projects, along with the automation of licensing processes.
The ministry pointed to the investment in comparative advantages and the available characteristics for the success of rose cultivation and production projects. It noted the possibility of using the latest technologies for cultivation, such as hydroponic farming, in addition to the use of smart systems to help reduce production and labor costs.
Furthermore, it highlighted the possibility to produce rare types of roses and varieties in high demand, which would increase the project's economic returns.
