The Saudi Agriculture Development Fund has approved several loans, worth over SR861 million ($229 million), to finance working capital for the import of agricultural products, within endeavors to strengthen food security in the Kingdom.
The Fund’s Vice Chairman and General Manager, Munir bin Fahd Al-Sahli, stated that the approval of the loans came by government directives to keep pace with current international developments, to ensure an abundance of stock and stability of supplies, and to avoid any disruption in supply chains.
The targeted agriculture crops include barley, maize and soybeans, he noted.
Saudi Arabia recently launched the Middle East Poultry Exhibition, under the slogan “Contributing to Strengthening Food Security” at the Riyadh International Convention and Exhibition Center, with the participation of 150 companies from 30 countries in various sectors of the poultry industry.
Saudi Deputy Minister of Environment, Water and Agriculture, Eng. Mansour bin Hilal Al-Mushaiti, said the government was keen on increasing investment in poultry production as part of a strategic plan to enhance food security and raise the proportion of local production of white meat.
Meanwhile, the Saudi Grains Organization announced the activation of the appointment-booking service through Mahsuli (My Crop) platform for the distribution of local wheat for the 2022 agricultural season.
Eng. Ahmed Al-Faris, the governor of the organization, stated that farmers can start the usual regular procedures through the platform to determine the location of the supply, book appointments, and inquire about the details of the received shipments.