SR2.45 billion ADF initiatives help to mitigate virus impact

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The Agricultural Development Fund (ADF) initiative focuses on importing rice, sugar, yellow corn and soybeans from abroad. -- Courtesy photo

Saudi Gazette report

RIYADH — The SR2.45 billion ($652 million) Agricultural Development Fund (ADF) support have helped to mitigate the impact of the coronavirus pandemic on the agricultural sector as well as strengthening food security in the Kingdom.

The fund has been keen to support its clients to ensure the continuation of activities, a Saudi Press Agency (SPA) report said.

Thed ADF launched a SR2 billion food security strategy initiative to finance the import of specific agricultural products. It has also approved four contracts worth SR348 million. This initiative focuses on importing rice, sugar, yellow corn and soybeans from abroad, the report said.


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