SR2bn earmarked to fund agriculture imports, projects amid coronavirus crisis

SR2bn earmarked to fund agriculture imports, projects amid coronavirus crisis
SR2bn earmarked to fund agriculture imports, projects amid coronavirus crisis

We show you our most important and recent visitors news details SR2bn earmarked to fund agriculture imports, projects amid coronavirus crisis in the following article

Hind Al Soulia - Riyadh - RIYADH — Agriculture Development Fund has earmarked SR2 billion to fund 35 projects to support Saudi Arabia’s agriculture sector and for imports of food supplies from abroad, the fund said in a statement on Tuesday.

“This initiative ... (aims) to meet development priorities and economic needs within the urgent initiatives approved by the Saudi Government to address the impacts of the novel Coronavirus (COVID-19),” the statement said.

The initiative, which is part of the government’s efforts to ensure food security amid the outbreak of coronavirus pandemic, will be carried out through direct and indirect loans.

In the first phase, the fund will target products including rice, sugar, soybeans and yellow corn. Other products will be added according to market needs and for food security, the statement added.

The fund also granted agriculture loans worth SR60 million to finance a variety of projects.

Munir Bin Fahad Al-Sahli, director general of the fund, said agricultural loans worth SR131 million riyals were approved to finance 26 projects to grow vegetables in greenhouses, and projects in the poultry sector.

“A large portion of these loans comes as a part of the Fund’s initiatives to combat the impact of the coronavirus and mitigate the anticipated economic impacts on the activities of the private agricultural sector,” Al-Sahli said.

“The loans are aimed at enhancing the efficiency of the local agricultural sector, achieving food security, and ensuring the continuity of supply chains and the abundance of the supply of agricultural products and food commodities.” — Agencies


These were the details of the news SR2bn earmarked to fund agriculture imports, projects amid coronavirus crisis for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV GACA passenger guide updated following international travel for exceptional categories allowed
NEXT SDAIA to train 100 youth in artificial intelligence in Makkah region