المملكة: Since the start of Vision 2030 .. 30.6 billion riyals, the total financing of agricultural projects

The Agricultural Development Fund has revealed a jump in the size of its contribution to supporting and financing agricultural projects at the Kingdom level, since the Kingdom’s ambitious vision 2030.
The fund pointed out that the annual financing value directed to the sector increased significantly from 455 million riyals in 2016, to reach 7 billion and 166 million Saudi riyals by the end of 2024 AD, which reflects an increasing commitment to supporting this vital sector.
The Fund pointed out that this great growth in its financing contribution is achieved thanks to the adoption and implementation of an ambitious strategy aimed at creating a tangible positive impact in the agricultural sector, strengthening the food security system in the Kingdom, and ensuring the sustainability of natural resources, leading to achieving sustainable and comprehensive agricultural development that is in line with the major national goals.

Agricultural projects

The Fund indicated that the total amounts of support and financing that were provided to various agricultural projects during the period from 2016 to the end of last year 2024 AD, amounted to 30 thousand and 600 million Saudi riyals.
This period witnessed a gradual and studied growth in the annual financing volume, as it started with an amount of 455 million riyals in 2016, and continued to rise to record 617 million riyals in the year after it, then jumped to exceed one billion riyals “1047 million riyals” in 2018.

Development of the agricultural sector

This upward path continued in the following years, recorded 1889 million riyals, then 3708 million riyals, and 2617 million riyals, to return strongly to 6637 million riyals, then 6464 million riyals, to its peak at 7 billion and 166 million riyals in 2024, which reflects the commitment of the firm fund to support and develop the agricultural sector in the Kingdom.
The Agricultural Development Fund stressed that it continues its relentless efforts to provide the best sustainable financing solutions for investors and workers in the agricultural sector, with the aim of effective and direct contribution to achieving the targets of the national strategy for agriculture, supporting the sustainable rural development process and enhancing the national economy in general.