SAUDI FUND ALLOCATED $ 800M TO SUSTAINABLE RURAL DEVELOPMENT
Saudi Arabia’s Agriculture Development Fund (ADF) has allocated SAR3bn ($800m) to the support of the kingdom’s sustainable rural development programme.
The programme, approved by royal order in September, amounts to SAR7.35bn ($1.96bn) over seven years and will include support for small farmers, breeders, fishers and livestock breeders. It will also support in areas such as marketing, agricultural processing, livestock and fisheries services, and logistic services.
Director general of the ADF, Munir bin Fahd Al Sahli, was quoted by state press agency SPA as saying that the Fund had cooperated and coordinated with the Ministry of Environment, Water and Agriculture to prepare a plan of action to provide support to the programme.
He was also reported as saying that the plan included work in cooperation with several bodies including agricultural cooperatives in various fields.