Complex Made Simple

Jeddah port handles 24 million tonnes of foodstuff since 2014

Saudi Arabia imports almost 70 per cent of its food needs and pays SAR90 billion annually

Jeddah Islamic Port has handled more than 24 million tonnes of imported foodstuff since 2014 to date, according to official data.

According to figures obtained by Al Eqtisadiah, the volume of imported foodstuff the port handled in November edged down by four per cent to 1.82 million tonnes, compared with 1.2m tonnes in October.

Statistics show that the port received more than 11.47m tonnes of foodstuff in the first 11 months of the current year, signalling a decrease of 2.3 per cent when compared with the corresponding period of the past year when foodstuff imports totalled 11.74m tonnes.

The port saw the volume of food imports dropping by 11 per cent in September to stand at 1.13m tonnes.

According to a 2014 study, Saudi Arabia imports almost 70 per cent of its food needs and pays SAR90 billion annually for it.

The study, which was carried out by the Saudi Agriculture Exhibition, has revealed that food expenditure constitutes 26 per cent of all consumer spending in the Kingdom and projected that food consumption will soar by 55.3 per cent to reach SAR424bn by 2016.

(SAR1 = AED0.978, at the time of publishing)