The goal of the SR2 billion ($533.33 million) in loans and credit facilities issued by the Saudi Arabian Agricultural Development Fund is to improve food security and sustainability across the Kingdom.
A variety of agricultural projects, such as the production of chicken and red meat, greenhouse farming, fish aquaculture, and cold storage facilities, will be supported by this strategic funding. The decision was taken on September 18, during the fund’s third board meeting of the year, which was presided over by Abdulrahman Al-Fadhli, Minister of Environment, Water, and Agriculture.
Saudi Arabia is going through an agricultural renaissance that is concentrated on raising domestic crop output and lowering dependency on imported food, even though almost 90% of its territory is desert. The General Authority for Statistics reports that in terms of dates, fresh dairy products, and table eggs, the Kingdom has already attained total self-sufficiency.
In keeping with Saudi Vision 2030, the ADF is contributing significantly to the nation’s efforts to achieve food security and long-term agricultural sustainability by boosting domestic production and maintaining stable supply chains.
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