Saudi Reef Aims to Cultivate Two Billion Roses Annually by 2026
Saudi Reef is spearheading a national initiative to transform Saudi Arabia into a leading global rose producer, targeting an annual yield of two billion roses by 2026.
The Sustainable Agricultural Rural Development Program, also known as Saudi Reef, is launching an initiative to produce two billion roses annually by 2026. This would represent a substantial increase from the current output of approximately 960 million roses per year—a 34% rise over the past four years.
Saudi Reef supports over 400 farmers, particularly in regions renowned for rose cultivation such as Taif, Jazan, and Asir. The initiative aligns with the Kingdom's Vision 2030 objectives, focusing on food security, rural development, and agricultural efficiency. By promoting sustainable agricultural practices and empowering local farmers, the program seeks to reduce dependence on imports and boost exports to European and Asian markets.
To achieve these goals, Saudi Reef is implementing advanced agricultural technologies, including hydroponics, artificial intelligence, and smart greenhouse systems. These innovations aim to enhance production quality and water-use efficiency, addressing the challenges posed by the country's arid climate. Additionally, the program has introduced renewable-energy-powered desalination and climate-controlled technologies to overcome regional agricultural constraints.
The initiative also emphasizes capacity building and knowledge transfer. During the Rose and Aromatic Plants Global Forum in Taif, Saudi Reef distributed 15,000 tissue-cultured seedlings to promote sustainability and boost production. The forum featured sessions on the challenges of Taif rose cultivation, the future of medical tourism in the Kingdom, and the role of artificial intelligence in enhancing product quality.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CairoScene
7 hours ago
- CairoScene
1,000 New Residential Units Launched for Sale in Dhahran's Aldanah
ROSHN, the PIF-backed real estate group, has opened sales for Aldanah, a large-scale residential project in Dhahran set to include over 2,000 homes and extensive green and community spaces. ROSHN Group has launched the first sales phase of Aldanah, a new residential development located near King Abdulaziz Road in Dhahran, with over 1,000 units now available. The offering includes a mix of standard and premium villas and duplexes, forming part of a broader plan to deliver more than 2,000 homes across the site. Spanning around 1.7 million square metres, Aldanah sits between Dammam, Dhahran, and Al Khobar, and is roughly 35 minutes from King Fahd International Airport. The project aims to serve growing demand for housing in the Eastern Province, while integrating public infrastructure and shared amenities into the neighbourhood fabric. The development includes more than 145,000 square metres of green space, alongside schools, mosques, retail areas, and community centres. Pedestrian-focused design features such as shaded walkways and accessible streets are also central to the plan. Aldanah residents will have access to digital services and ongoing support through ROSHN's Community App, part of the company's model for managed, integrated living environments. The launch follows ROSHN's continued expansion across Saudi Arabia's major regions as part of broader housing and urban development goals under Vision 2030.
See - Sada Elbalad
17 hours ago
- See - Sada Elbalad
Economic Factors Weigh on Global Gold Prices as Markets Await Fed Policy Shift
Waleed Farouk Gold prices in Egypt saw a slight increase on Saturday, coinciding with the weekly closure of global markets, following a notable decline of 1.8% in the international ounce price by the end of trading on Friday. This came despite renewed tensions and intensified military confrontations in the Middle East. Locally, gold prices rose by EGP 15 compared to Friday's closing, with 21-karat gold reaching EGP 4800 per gram. Meanwhile, the global ounce price fell by $61 over the week to settle at $3369. The 24-karat gold recorded EGP 5489 per gram, 18-karat stood at EGP 4114, The gold pound (8 grams of 21K) was priced at EGP 38400. This marks the first weekly decline in gold prices in nearly three weeks. Interestingly, the metal failed to capitalize on the geopolitical escalation in the region, instead recording a noticeable drop in international markets. Several economic and investment-related factors have curbed gold's upward momentum, limiting the impact of political events. Chief among these are the strong U.S. dollar and weak demand from China, both at the level of the central bank and retail consumers. According to official data, the People's Bank of China purchased only 1.9 metric tons of gold in May 2025, compared to 2.3 tons in both March and April, and a peak of 10 tons in December 2024. Although gold still constitutes approximately 7% of China's official reserves, this ratio has not seen significant growth—raising questions about Beijing's future monetary stance toward the yellow metal. Gold also faced selling pressure in Asian markets, particularly in India, where investors engaged in profit-taking after a rapid price rally. This increased supply and contributed to price declines. Despite a moderate slowdown in U.S. inflation indicators, the Federal Reserve has remained committed to keeping interest rates unchanged. This policy stance enhances the appeal of fixed-income instruments like bonds, while diminishing gold's allure—since gold offers no yield and becomes more attractive only when interest rates are low. In a surprising shift, Federal Reserve Governor Christopher Waller stated that a rate cut could begin as early as the July 2025 meeting, if the current moderate trajectory of economic data continues. Waller, known for his traditionally hawkish views, appeared more flexible this time, acknowledging room for interest rate cuts, while maintaining readiness to reverse course if economic shocks occur. This nuanced tone signals a possible pivot in Fed policy. He also downplayed the inflationary impact of tariffs, noting that a proposed 10% tariff on all imports would not have a significant effect on overall prices—reducing the likelihood that such tariffs will be used to justify further monetary tightening. If realized, a U.S. rate cut may open the door for renewed investment flows into Egypt, contingent on relative currency stability and a decline in Egypt's sovereign credit default swap (CDS) rates. Waller's remarks represent the first serious signal toward the end of the current tightening cycle, though any rate reduction remains highly dependent on future economic data. Looking ahead, markets await a raft of key U.S. economic indicators, including: S&P Global flash PMI on Monday, U.S. consumer confidence report and Fed Chair Jerome Powell's testimony before the House Financial Services Committee on Tuesday, New home sales data and Powell's testimony before the Senate Banking Committee on Wednesday, Weekly jobless claims, durable goods orders, final Q1 GDP, and pending home sales on Thursday, Core PCE inflation data on Friday. These figures are likely to shape both Fed policy and investor sentiment in the coming weeks. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
See - Sada Elbalad
a day ago
- See - Sada Elbalad
Nottingham Forest Extend Manager Nuno Santo's Contract Until 2028
Rana Atef English Premier League Nottingham Forest announced on Saturday that Portuguese manager Nuno Espírito Santo has signed a new contract with the club, extending his stay until 2028. In an official statement, the club said, 'Nottingham Forest are delighted to announce that Nuno Espírito Santo has signed a new three-year deal with the club. The head coach was rewarded with the extension by owner Evangelos Marinakis ahead of the 2025/26 season.' The statement added, 'Nuno was the mastermind behind Forest's remarkable 2024/25 campaign, leading the club to their highest league finish in 30 years and securing qualification for European competition for the first time since the 1995/96 season.' It continued: 'Last season, Nuno also guided Forest to historic away wins over Liverpool and Manchester United—their first victories at Anfield and Old Trafford in 55 and 30 years, respectively—and oversaw the club's longest Premier League winning streak since 1967.' After signing the deal, Nuno said, 'I'm delighted to continue our journey with this fantastic club.' He added, 'Since arriving at Forest, we've worked hard to build a strong bond between the players, the fans, and everyone involved with the club, which helped us achieve great things last season.' read more Japan Stun Spain 2-1 to Qualify for World Cup Last 16 World Cup 2022: Get to Know Confirmed Line-ups of Japan and Spain Group E Decider Saudi Arabia Bid Farewell to World Cup after 2-1 Loss to Mexico Tunisia Achieve Historic Win over France but Fail to Qualify Tunisia to Clash against France in World Cup Sports Get to Know Squad of Group D Teams in World Cup Sports Al Ahly Gift EGP 70,000 to Players After Claiming Egyptian Super Cup Title Sports Bencharki Hits First 2 Goals with Al Jazira Since Leaving Zamalek Sports Arsenal Possible Line-up for Nottingham Forest News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
