Saudi Arabia seeks over $1 bln in agricultural loans, says Al-Fadley

Abdulrahman Al-Fadley, Minister of Environment, Water and Agriculture 

Saudi Arabia is working on a responsible agricultural investment strategy abroad, and is targeting over $1 billion in agricultural loans, Abdulrahman Al-Fadley, Minister of Environment, Water and Agriculture, said on the sidelines of the UN Food Systems Summit in New York. 

The Kingdom is striving to boost the sustainability of the natural resources, improve the food consumption system to reduce all types of waste by 50% by 2030, in addition to the development of marketing as well as agricultural services. 

Saudi Arabia took key measures to build efficient and flexible food systems that would contribute to a sustainable agricultural sector to achieve food as well as water security in line with the Sustainable Development Goals by 2030. 

The Kingdom, through its global, regional and local partnerships, implemented several technologies to boost operating efficiency and production, in addition to launching an ambitious rural development program that reflected positively on empowering youth and women in agricultural industry.