Last year, the Saudi Agricultural Development Fund approved loans exceeding 6.474 billion riyals ($1.7 billion) and approved 5.342 billion riyals ($1.4 billion) as the highest lending figure since the fund's inception, bringing the total value of loans provided until the last fiscal year to more than 65 billion riyals ($17.3 billion), in a move to contribute to supporting food security.
The Kingdom attaches the utmost importance to achieving food security by adopting a comprehensive national strategy that includes a clearly targeted and well-defined plan to achieve a sustainable local food production system for goods with differential advantages. Diversify and stabilize external food sources, ensure access to safe food in the Kingdom, and encourage healthy and balanced habits. In addition to building risk readiness capabilities, developing an institutional business model at the national level, and ensuring clear and responsible governance.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
