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Saudis grant $90 million to shore up agriculture sector

The Saudi Agricultural Development Fund (ADF) has approved $90 million of financial loans and credit guarantees to support its agriculture sector.

5 August 2020, at 9:03am

Arab News reports that the ADF will finance broiler chicken operations as part of the wider agricultural support strategy.

Munir Al-Sahli, deputy chairman and director general of the Saudi Agricultural Development Fund said that the loans include a programme to support working capital and operation costs from small and medium-sized agricultural businesses.

The money is also geared towards addressing the economic damage stemming from the COVID-19 pandemic and supporting food imports.

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