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Saudi Arabia invests 3 billion riyals for food security
The Saudi Agricultural Development Fund has allocated 3 billion riyals to enhance food security and address supply chain disruptions. The initiative primarily includes an amount of 950 million riyals approved in January to support food security, in addition to 2 billion riyals announced in April to support companies importing strategic goods. So far, 1.35 billion riyals have been disbursed, benefiting 18 companies, with the remaining funds expected to be allocated within the next three months. The financing aims to support the import of fodder and grains from markets such as Australia, Brazil, the United States, and Russia, amidst challenges caused by shipping and navigation disruptions. The total expenditure from the two initiatives so far amounts to 2.14 billion riyals, which is part of the Fund’s efforts in supporting food security projects valued at 2.5 billion riyals in 2025.
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