RIYADH: Saudi Arabia’s Agricultural Development Fund (ADF) on Tuesday launched a new initiative to boost the agricultural sector by lending support to local farmers.
The fund has introduced “Contract Farming Finance” to enhance marketing of some agricultural produce from farms to end-users through distributers, mediators, retailers or other farms.
It seeks to market local produce under an agreement between buyers and farmers.
The fund, through this initiative, aims to increase coordination between all parties such as farmers, suppliers, marketing services and cooperative associations.
Sulaiman Al-Malek, ADF deputy director for the credit sector, said the goal of the initiative is to secure supplies of agricultural produce, facilitate marketing and selling of local products, contribute to food security and boost strategic food reserves. He said it also seeks to contribute to the national economy by increasing the export of agricultural produce.
Initiative launched to boost support for Saudi farmers
https://arab.news/8fzpw
Initiative launched to boost support for Saudi farmers
- The goal of the initiative is to secure supplies of agricultural produce
8 NGOs join national vegetation drive
- The center continues to promote collaboration across sectors to expand environmental awareness and advance sustainability goals through knowledge exchange
RIYADH: The National Center for Vegetation Cover Development and Combating Desertification has signed memoranda of understanding with several nonprofit environmental associations to strengthen partnerships with the nonprofit sector in advancing national goals for environmental sustainability.
The MoUs were signed with eight associations: Al-Nakaa Association, Lavender Society, Darb Hiking Trails and Walking Trips Association, Hail Agriculture Development Association, Yanbu Environmental Association, Rifaq Environment Association (Hail), Aghsan Environmental Association, and Pristine Future Environment Association.
The center said cooperation with the nonprofit sector enhances volunteer and community initiatives and maximizes environmental and social impact across the Kingdom, the Saudi Press Agency reported on Monday.
The agreements are part of a broader cooperation framework covering afforestation and land rehabilitation projects, nature-based tourism support, expertise exchange, capacity building through training, and community environmental awareness.
The center continues to promote collaboration across sectors to expand environmental awareness and advance sustainability goals through knowledge exchange, coordinated community efforts, joint outreach programs, and initiatives supporting national environmental objectives.
