Saudi Arabia is set to increase its fish production by 80% to 214,600 tons in 2023, despite facing a seafood deficit due to high consumption rates. To combat this, the Ministry of Environment, Water and Agriculture is enhancing 16 fishing ports and encouraging private investments in the fishery sector with incentives like 75% funding, direct financial support, and interest-free loans. Additionally, the country is focusing on fish farming and aquaculture projects, such as OXAGON in NEOM, which aims to produce over 50,000 tons of fish annually, as part of its strategy to achieve seafood self-sufficiency.