Saudi Arabia’s Agricultural Development Fund has allocated around 296 million riyals ($78.93 million) in loans for 35 private sector projects in agriculture and food imports.
The Agricultural Development Fund said on Tuesday (May 5) that it was allocating 2 billion riyals ($533.3 million) to finance agricultural products as part of the country's food security strategy.
The authority said on its website this week the funds are to provide relief for the economic impacts of the coronavirus pandemic on the agricultural sector. The financing package is part of the government’s larger financial and economic support for the private sector across industries.
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