Saudi Agriculture Development Fund invests

Saudi Agriculture Development Fund invests $14.6bn over six decades

RIYADH: From its inception in 1962 to the end of 2021, the Saudi Agricultural Development Fund has lent 467,000 loans worth a total of SR55 billion (US$14.6 billion). The kingdom’s diverse food needs in different subsectors.”

The service is involved in funding specialized projects such as poultry farming, greenhouses, fish farming, and the food industry, said Alaa Siddid, an ADF consultant. explained Mr. The 4,444 development loans are aimed at farmers, ranchers, beekeepers, and fishermen, in addition, to financing external agricultural investment projects, he said.

He added that the loan will also focus on working capital initiatives to import agricultural commodities to improve food security and support strategic stocks.

Third Milling Co. Director Ahmad Hijazi spoke about the importance of increasing production in innovative ways.

The company was able to invest in this by increasing its production capacity from 100,000 tons to 400,000 tons per year with the same available resources and factories to ensure local production of flour and feed, Hijazi said.

Mr. Fahad Aljadaan, Director of Marketing and Business Development of Alkhorayef Commercial Co., applies new technology and automation to innovative equipment to ensure maximum yields, reduce losses and costs, and improve production. He said it was important to be efficient.

The company exports irrigation equipment to 40 countries, sprinkler system introduces the latest irrigation technology, increases production efficiency, and reduces consumption by up to 30%. he said he was able to

In 2021, the kingdom’s organic production will be 105,000 tons, equivalent to SR 1.03 billion per year, covering more than 27,100 hectares, reaching 138% organic production area, said the director of the Saudi Arabian Organic Farming Association. Yazeed Afifi said, citing ministry data. The fields of environment, water, and agriculture.

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