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Saudi food security boosted with loans from Agricultural Development Fund

Farmers and vegetable producers in Saudi Arabia are set to benefit from financing loans and credit facilities worth SR1.4 billion ($373 million) from the Kingdom's Agricultural Development Fund. The announcement comes in line with the Fund’s strategic objectives of developing the agricultural sector in all its fields.

The approved loans include development loans for small farmers, financing loans for the sectors of vegetable production in greenhouses, poultry breeding and production and fish farming. So far, the value of loan approvals until the end of the first half of the current fiscal year amounted to over SR2.8 billion.

Source: arabnews.com


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