Under the patronage of the Ministry of Energy, an agreement has been signed between the Ministry of Investment, Shareek Program, and the Saudi Industrial Investment Group (SIIG) to localize bio-protein technologies.

Under the patronage of the Ministry of Energy, an agreement has been signed between the Ministry of Investment, Shareek Program, and the Saudi Industrial Investment Group (SIIG) to enable the establishment of the first bio-protein production facility in the Kingdom, in the Second Industrial City in Jubail. The project aims to convert natural gas into sustainable protein to be used as an alternative to fish feed in the aquaculture sector. 

The signing ceremony took place in the presence of the Assistant Minister of Energy for Development and Excellence Affairs Eng. Ahmed Al-Zahrani,  the Assistant Minister of Investment for Investment Development Dr. Abdullah Al-Dubaikhi, while Shareek Program was represented in signing the agreement by Mr. Hesham Almeshary, and the Saudi Industrial Investment Group Company was represented by its CEO, Mr. Abdulrahman bin Saleh Al-Smaeel.
This partnership aims to localize bio-protein production technologies in the Kingdom, as one of the modern technologies in the field of future foods, which contributes to developing supply chains for the aquaculture sector and enhancing the food security system.

The project is a strategic step towards localizing part of the feed supply chains used in aquaculture, which contributes to reducing dependence on imports and supporting the growth of the sector in the Kingdom.

In line with the objectives of the National Food Security Strategy, the National Agriculture Strategy, and the National Export Strategy, the project aims to raise the share of non-oil exports from 16% to 50% of non-oil GDP by 2030.

This partnership aligns with the continuous efforts of the Ministry of Investment and Shareek Program to enable large companies’ investments to enhance the diversification of the national economy and achieve the goals of Vision 2030.