Kingdom approves large loans for meat projects

The Board of Directors of the Agricultural Development Fund discussed approving loans exceeding 600 million riyals to finance projects in the sectors of red meats, supply chains, and processing industries within the Kingdom, with the aim of enhancing local production and ensuring food security. Additionally, direct financing was allocated under the Basic Commodities Import Initiative to support targeted agricultural products outlined in the food security strategy. The council also reviewed the fund’s performance and reports from the committees established under it up to the end of August of the current fiscal year.

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