Saudi Arabia’s Agricultural Development Fund Receives Royal Approval for New System, Boosting Food Security and Development Goals
Riyadh, Saudi Arabia – August 29, 2023 – The Kingdom of Saudi Arabia has taken a significant step forward in bolstering its agricultural sector and enhancing national food security with the royal approval of a new system for the Agricultural Development Fund (ADF). This landmark decision, announced by the Ministry of Environment, Water and Agriculture (MEWA), was met with deep gratitude and enthusiasm from His Excellency the Minister of Environment, Water and Agriculture, Eng. Abdulrahman bin Abdulmohsen Al-Fadhli.
The new system is poised to significantly strengthen the ADF’s capacity to achieve its core objectives: driving agricultural development across the Kingdom and ensuring the nation’s food security. Eng. Al-Fadhli extended his sincere appreciation to the wise leadership for their unwavering support and commitment to the agricultural sector, recognizing this approval as a testament to their strategic vision for a prosperous and self-sufficient Saudi Arabia.
This pivotal development signifies a renewed focus on modernizing the operational framework of the ADF, enabling it to better serve farmers, investors, and all stakeholders involved in the agricultural value chain. The enhanced system is expected to facilitate greater access to funding, introduce innovative financial products and services, and streamline processes, ultimately fostering a more dynamic and resilient agricultural landscape.
By empowering the ADF with this updated system, Saudi Arabia is reinforcing its dedication to achieving its ambitious goals outlined in Vision 2030. A robust and sustainable agricultural sector is a cornerstone of this national transformation, contributing not only to economic diversification but also to the well-being and health of its citizens. The improved capabilities of the ADF will be instrumental in supporting agricultural projects that enhance productivity, promote sustainable practices, and drive economic growth in rural areas.
The Ministry of Environment, Water and Agriculture reiterates its commitment to working collaboratively with all partners to implement the provisions of the new ADF system effectively. This initiative underscores the Kingdom’s proactive approach to addressing global food security challenges and its determination to become a leading force in sustainable agricultural development. The successful implementation of this new system is anticipated to yield substantial positive impacts on the livelihoods of Saudi farmers and contribute to the nation’s long-term food self-sufficiency.
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mewa.gov.sa published ‘المهندس الفضلي يشكر القيادة بمناسبة الموافقة على نظام صندوق التنمية الزراعية ويؤكد مواصلته تحقيق أهداف التنمية والأمن الغذائي’ at 2023-08-29 00:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.