Saudi Arabia allocates SAR 2 bln for agricultural imports

Saudi Arabia allocated SAR 2 billion to import new agricultural products in line with the Kingdom's food security strategy, said Abdulrahman Al-Fadhli, Minister of Agriculture and Chairman of the Saudi Agricultural Development Fund while unveiling a new initiative.

This initiative, which will be financed from direct and indirect funds, initially targets rice, sugar, soya beans, and corn.

This initiative falls in line with the government's aid packages for the private sector, which was hit by the COVID-19 outbreak.

Source: argaam