Investment Opportunities in Saudi Arabia Agritech Market: Trends & Projections

Saudi Arabia Agritech Market Overview

Market Size in 2024: USD 246.96 Million

Market Size in 2033: USD 628.66 Million

Market Growth Rate 2025-2033: 10.94%

According to IMARC Group's latest research publication, "Saudi Arabia Agritech Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Saudi Arabia Agritech Market size reached USD 246.96 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 628.66 Million by 2033, exhibiting a growth rate (CAGR) of 10.94% during 2025-2033.

How AI is Reshaping the Future of Saudi Arabia Agritech Market

• Precision Agriculture and Crop Monitoring: AI-powered drones and satellite imagery systems are revolutionizing crop monitoring and precision farming techniques, enabling real-time assessment of plant health, soil conditions, and pest detection with 95% accuracy, reducing crop losses by 25-30% while optimizing fertilizer and pesticide usage in Saudi Arabia's arid agricultural regions.
• Smart Water Management and Irrigation: Machine learning algorithms integrated with IoT sensors are transforming irrigation systems through predictive water demand analysis and automated scheduling, reducing water consumption by 40-50% while maintaining optimal crop yields, directly supporting the Kingdom's Qatrah program goal to reduce daily water usage by 50% by 2030.
• Controlled Environment Agriculture Optimization: AI-driven climate control systems in greenhouses and vertical farms are automatically adjusting temperature, humidity, and lighting conditions based on real-time plant data, increasing crop yields by 35-40% year-round while reducing energy consumption by 20-25% in controlled environment agriculture facilities.
• Predictive Analytics for Food Security: Advanced AI models are forecasting crop diseases, market demand patterns, and optimal planting schedules, enabling proactive agricultural planning that reduces food import dependency and supports Saudi Arabia's Vision 2030 food security objectives through data-driven decision making and supply chain optimization.
• Automated Livestock Management: AI-powered RFID tracking systems and computer vision technologies are monitoring livestock health, behavior, and productivity in real-time, improving farm efficiency by 30-35% while reducing labor costs and ensuring optimal animal welfare standards across Saudi Arabia's 23.5 million small ruminant population.

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Saudi Arabia Agritech Market Trends & Drivers:

Saudi Arabia's agritech market is experiencing exceptional growth driven by the government's Vision 2030 food security initiatives, with over USD 1 billion allocated to enhance plant resources and greenhouses by 2025, targeting annual fresh produce production of over 1 million tons. The Kingdom's focus on reducing food import dependency is accelerating adoption of cutting-edge agricultural technologies including hydroponics, vertical farming, and controlled-environment agriculture, with the Saudi Agricultural Development Fund disbursing USD 220 million specifically for vertical farm development by 2025.

The expansion of controlled-environment agriculture is revolutionizing food production capabilities, with climate-controlled greenhouses and indoor agriculture systems being adopted in urban locations like Jeddah and Dammam where traditional farming faces significant climatic challenges. These advanced systems are enabling year-round crop production with yields per square meter significantly higher than traditional methods, while technologies like drip irrigation and aeroponics are addressing water scarcity challenges that consume 80% of the Kingdom's water resources.

Strategic investments in mega-projects like NEOM and Red Sea Development Company are creating testbeds for next-generation agricultural technologies, with the $500 billion NEOM project incorporating cutting-edge vertical farming and hydroponic systems. Government-supported innovation programs are fostering collaboration between academia and private sector, with agritech accelerators and research grants facilitating technology localization and reducing foreign dependency while supporting locally-born startups in major cities like Riyadh and Dhahran.

Saudi Arabia Agritech Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Biotechnology and Biochemical
• Big Data and Analytics
• Sensors and Connected Devices
• Mobility
• Others

Application Insights:

• Irrigation
• Production and Maintenance
• Supply Chain
• Marketplace

Breakup by Region:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

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Recent News and Developments in Saudi Arabia Agritech Market

• June 2025: Global Ventures announced significant investment in Iyris, an agritech company spun out of King Abdullah University of Science and Technology, as part of the broader trend where AI funding is expected to double in 2025 due to increased investor attention to innovative agritech startups in Saudi Arabia.
• December 2024: NEOM's $500 billion mega-city project advanced its agricultural technology integration, incorporating cutting-edge vertical farming and hydroponic systems as part of its comprehensive AgriTech ecosystem development, revolutionizing agriculture practices in the region.
• November 2024: The Saudi Agricultural Development Fund announced USD 220 million disbursement for the development of vertical farms and high-tech greenhouses by 2025, with hydroponics technology reducing crop growth cycles by up to 50% and supporting the Kingdom's food security objectives.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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