Agricultural Development Fund Celebrates Significant Milestone: 467,000 Loans Disbursed, Valued at SAR 55 Billion,mewa.gov.sa


Agricultural Development Fund Celebrates Significant Milestone: 467,000 Loans Disbursed, Valued at SAR 55 Billion

Riyadh, Saudi Arabia – October 20, 2022 – The Agricultural Development Fund (ADF) has proudly announced a monumental achievement, having successfully financed a remarkable 467,000 loans, collectively valued at an impressive SAR 55 billion. This significant milestone underscores the ADF’s unwavering commitment to fostering growth and prosperity within Saudi Arabia’s vital agricultural sector.

The Agricultural Development Fund, a cornerstone of the Kingdom’s efforts to achieve food security and develop its rural economies, has consistently strived to empower farmers and agricultural investors across the nation. The disbursement of this substantial volume of loans represents a tangible testament to the Fund’s dedication to providing accessible and impactful financial support.

These 467,000 loans have been instrumental in enabling a diverse range of agricultural ventures, from smallholder farms to larger-scale agricultural enterprises. The funds have facilitated the acquisition of essential equipment, the implementation of modern farming techniques, the expansion of cultivation areas, and the development of innovative agricultural technologies. This widespread financial support has a direct and positive impact on enhancing productivity, improving the quality of produce, and ultimately contributing to the Kingdom’s food self-sufficiency goals.

The value of SAR 55 billion highlights the sheer scale of the ADF’s contribution to the agricultural landscape. This investment has not only bolstered individual farming businesses but has also played a crucial role in stimulating economic activity, creating employment opportunities in rural communities, and promoting sustainable agricultural practices. The Fund’s strategic approach to financing has been designed to address the unique challenges and opportunities present within the Saudi Arabian agricultural sector, ensuring that its support is both relevant and impactful.

This impressive achievement reflects the diligent efforts of the Agricultural Development Fund’s leadership and staff, who have worked tirelessly to streamline processes, expand outreach, and ensure that financial resources reach those who need them most. Their dedication to serving the agricultural community is evident in the sheer volume and value of the loans disbursed.

The Agricultural Development Fund remains committed to its mission of supporting the sustainable development of the agricultural sector in Saudi Arabia. This latest milestone serves as a powerful affirmation of the Fund’s ongoing success and its vital role in building a robust and resilient agricultural future for the Kingdom. The ADF continues to explore new avenues for growth and innovation, seeking to further empower farmers and contribute to the overall economic prosperity of Saudi Arabia.


“صندوق التنمية الزراعي”: تمويل (467) ألف قرض بقيمة (55) مليار


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mewa.gov.sa published ‘”صندوق التنمية الزراعي”: تمويل (467) ألف قرض بقيمة (55) مليار’ at 2022-10-20 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.

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