The Kingdom of Saudi Arabia is the largest country in the Middle East. The International Monetary Fund has declared Saudi Arabia the fastest growing economy in the world with non-oil growth of 7.2% and per capita income of $33,500, ranked 6th in the world in terms of macroeconomic stability.
Agriculture in Saudi Arabia is actively developing. About $53 billion is attracted annually to the country's agro-industrial complex. investments. Significant progress has been driven by a number of national programmes and support measures, including the $800 million Food Security Initiative. Food imports amount to $14.2 billion per year. Due to population growth, consumption will grow to $70 billion per year.
Exports of Russian agricultural products to Saudi Arabia in 2022 increased by 49.9% and approached $1 billion. Saudi Arabia is the largest buyer of Russian barley and wheat. Also, the Saudis are no less in demand for the supply of poultry meat, lamb, beef, fish and dairy products, confectionery, honey and much more.