ANNOUNCEMENT 23 Feb 2017

According to the state-owned media platform Saudi Press Agency, the Agricultural Development Fund on 23 February 2017, announced that it had approved loans amounting to SR 110 million (circa USD 29 million) for national agricultural projects.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Saudi Press Agency.2017.Agricultural Development Fund approves SR 110 Million Loans. English. http://www.spa.gov.sa/viewstory.php?lang=en&newsid=1595208

Inception date: 22 Feb 2017 | Removal date: open ended
Still in force

State loan

According to the state-owned media platform Saudi Press Agency, the Agricultural Development Fund on 23 February 2017, announced that the previous day it had approved loans amounting to SR 110 million (circa USD 29 million) for national agricultural projects. The official statement also highlighted that circa 80% of the approved loans were designated towards agricultural projects concerning the national poultry sector.

The Agricultural Development Fund (ADF) is a state owned financial institution with core scope is to making credit available to the national agriculture sector.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A