Development of fishing has not been neglected. Traditional fishing has grown in recent years and there has been a steady growth in the number of fish farms, predominantly along the Red Sea coast. Aquaculture is seen as a major element in the expansion of the Kingdom's fishing industry. As evidence of the Kingdom's commitment, the Government encouraged and participated in the establishment of a joint-stock company, the Saudi Fish Company, with a capital of SR 100 million. This company has succeeded in establishing its own fishing fleet and provides a variety of fish and shrimps both for home consumption and for export.
Most remarkable of all, the Kingdom, which had been an importer of wheat, became self-sufficient in 1984 and thereafter an exporter to such countries as China, European Union countries and Russia.
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