SAUDI ARABIA

SR2bn agro services firm approved

August 07, 2018


Abdul Rahman Al-Fadhli
Abdul Rahman Al-Fadhli

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.


August 07, 2018
1544 views
HIGHLIGHTS
SAUDI ARABIA
25 minutes ago

Over 20 million pilgrims benefit from Makkah Grand Mosque's advanced services last year

SAUDI ARABIA
hour ago

Saudi Arabia reaffirms support for a secure and stable Afghanistan at UN session

SAUDI ARABIA
2 hours ago

Saudi Arabia sees 51% surge in blockchain business registrations by Q2 2025