SAUDI FUND AL­LO­CATED $ 800M TO SUS­TAIN­ABLE RU­RAL DE­VEL­OP­MENT

Gulf Business - - NEWS AND VIEWS -

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.

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