RIYADH: Saudi Arabia’s Agricultural Development Fund has approved loans worth more than SR333 million ($87.8 million) to finance 12 projects in a number of regions of the Kingdom and import foodstuff.
The projects include vegetable cultivation, poultry, and date factories, as well as importing rice, yellow corn and soybeans.
These projects come within a package of urgent financial initiatives and measures being launched by the Kingdom to support the private sector and contribute to reducing the economic impact of the coronavirus disease (COVID-19) pandemic.
Munir bin Fahad Al-Sahli, director general of the fund, said that agricultural loans worth more than SR91 million were approved to finance 10 projects within the working capital funding initiative that includes operational loans for vegetable cultivation projects in air-conditioned greenhouses, as well as operational loans for projects in the poultry sector and projects for date factories. The fund also agreed to finance two loans to import rice, yellow corn and soybean crops. SPA Riyadh
Saudi agriculture fund OKs over $87.8 million loans
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Saudi agriculture fund OKs over $87.8 million loans
- The projects include vegetable cultivation, poultry, and date factories, as well as importing rice, yellow corn and soybeans
Saudi Cabinet hopes UAE forces will withdraw within 24 hours in accordance with Yemeni request
- Cabinet said it hoped the UAE will cease any military or financial support to the STC and any other party within Yemen
RIYADH: Saudi Arabia’s Cabinet, chaired by King Salman, on Tuesday expressed hope that Emirati forces will withdraw from Yemen within 24 hours in accordance with a Yemeni request, Saudi Press Agency reported.
The Cabinet also said it hoped the UAE will cease any military or financial support to the Southern Transitional Council and any other party within Yemen, SPA added.
The Cabinet said it also hoped that the UAE will take the necessary steps to preserve Saudi-Emirati relations which the Kingdom is keen to strengthen, and said it looks forward to working together toward everything that will enhance the prosperity and stability of countries of the region.
The Cabinet expressed its regret over the outcome of de-escalation efforts that the Kingdom has been keen to pursue, which have been met with an unjustified escalation that contradicts the principles upon which the Coalition to Support Legitimacy in Yemen was founded, undermines its efforts to achieve security and stability in Yemen, and is inconsistent with all the promises the Kingdom received from the UAE.
The Cabinet appreciates the role of the Coalition to Support Legitimacy in Yemen in protecting civilians in the governorates of Hadramaut and Al-Mahra in response to the request of the President of the Yemeni Presidential Leadership Council Rashad Al-Alimi, and in reducing escalation in order to achieve security and stability and preventing the expansion of the conflict.
The Cabinet reaffirmed that the Kingdom will not hesitate to take necessary steps and measures to confront any infringement or threat to its national security, and its commitment to the security, stability and sovereignty of Yemen, and its full support for Al-Alimi and his government.
In other regional affairs, the Cabinet reaffirmed the Kingdom’s support for the sovereignty, territorial integrity and safety of Somalia, and rejects the declaration of mutual recognition between Israel and Somaliland as it enshrines unilateral separatist measures that violate international law.
