Presided over by the Minister of Environment, Water and Agriculture and the Chairman of the Agricultural Development Fund's board Eng. Abdulrahman bin Abdulmohsen Al-Fadhli, the board endorsed a number of loans and credit facilities worth over SR820 billion, in the framework of backing up agriculture's sector, via various programs. Among plans approved were two initiatives to mitigate the fallouts of Coronavirus, through backing up the standing capitals and operational costs of the small and medium sizes establishments, in addition to direct, indirect and financing of agrarian enterprises, across the Kingdom, in partnership with commercial banks, to import targeted agricultural products included in the Food Security Strategy. Dates' manufacturing, green houses, poultry and fish breeding are included, as well as financing to build a veterinarian services' complex relating to a live-stock cooperative, import of fodders and animal production inputs. Furthermore, the board approved financing agricultural investment, abroad, with an overall value of SR281, targeting planting and exporting some crops.
