Saudi Gazette report

Neom, Tabuk — The Council of Ministers on Tuesday approved the establishment of a government-owned company to provide agricultural services with a capital of not more than SR2 billion.

The Cabinet took the decision on the recommendation of Minister of Environment, Water and Agriculture Abdul Rahman Al-Fadhli and the Council of Economic and Development Affairs (CEDA).

Fadhli, who is also the chairman of the supervisory committee on the environment, water and agriculture sector, thanked the King and the Crown Prince for the approval to establish the Agricultural Services Company.

This is one of the initiatives of the National Transformation Program launched by the ministry.

The ministry is working through its supervisory committee to privatize the environment, water and agriculture sectors.

Fadhli said the company will help improve the quality of services and provide them on a sustainable basis, raising the operational initiative in conformity with the goals of NTP 2020 and Vision 2030.

The ministry has completed drafting the goals of the new company and designing its work model.