Factors Affecting Fish Production in Saudi Arabia

Abstract

Governmental organizations, projects, and initiatives in Saudi Arabia have focused specifically on the fisheries and the aquaculture sector to reduce reliance on imports, achieve self-sufficiency, and significantly contribute to food security. To accommodate the annual population increase, Saudi Arabia needs to enhance its fish production. This study aims to illustrate the impact of credit on the fisheries sector by examining the factors that affect fish output in Saudi Arabia, both in general and in specific contexts. The research employed annual time series data to estimate the Cobb–Douglas production function. The study computed the Cobb–Douglas model in an error correction format due to the stationarity characteristic of the data. The results show that fish production in Saudi Arabia is significantly enhanced by the number of fishermen, marine fisheries, aquaculture farms, and financial resources. Furthermore, the results reveal that economies of scale play a crucial role in the Saudi fishing industry. Nevertheless, since the data indicates that the influence of marine fisheries on fish output in Saudi Arabia in the long run surpasses that of aquaculture farms, the researchers recommend an increase in aquaculture production. Sustainable methods for fish production, such as minimizing overfishing and bycatch, improving water and environmental quality, and promoting the traceability of fish populations, should be prioritized in the advancement of the fisheries sector.