The Royal Commission for Jubail and Yanbu (RCJY) has signed an investment agreement worth nearly 2 billion Saudi riyals ($533.23 million) with Topian, NEOM’s food company, to develop an advanced aquaculture project.
The project, which will be located in the Jazan Special Economic Zone, will cover an area of 100,000 square meters and have an annual production capacity of 10,000 metric tonnes. It is expected to play a key role in strengthening Saudi Arabia’s sustainable food industry by enhancing local seafood production and supporting the kingdom’s long-term food security strategy.
RCJY announced the partnership in a social media post, highlighting the project’s contribution to the Saudi Vision 2030 objectives of diversifying the economy and fostering sustainable agricultural and aquaculture industries. The initiative aligns with the broader efforts to develop the Jazan Special Economic Zone into a hub for high-value industries, leveraging its strategic location and access to global markets.
Topian, NEOM’s dedicated food company, focuses on developing sustainable and innovative food solutions, and this investment marks a significant step in advancing Saudi Arabia’s position as a leader in environmentally responsible aquaculture. The project will integrate state-of-the-art aquaculture technologies, ensuring high efficiency and minimal environmental impact while catering to growing domestic and international seafood demand.
The agreement reflects the increasing emphasis on partnerships between public and private sector entities to drive economic growth and technological advancements in food production.