A memorandum of understanding to promote sustainable development in the agriculture and food security sectors
I signed "Clear" -One of the companies of the Public Investment Fund- and the Saudi Fund for Development, a memorandum of understanding; It aims to enhance cooperation in the areas of sustainable development, especially in the agricultural and food security sectors.
This came on the sidelines of the MOMENTUM 2025 Development Finance Conference, organized by the National Development Fund.
Objectives of the Memorandum of Understanding
The Memorandum of Understanding aims to establish a comprehensive framework for cooperation between the two sides by strengthening partnership in projects of common interest, and supporting the financing of projects "Clear" In the targeted countries, in accordance with the procedures approved by the Fund.
The memorandum includes support for agriculture and agricultural infrastructure projects, and the exchange of experiences and information between the two parties, in addition to cooperation in studying priority development projects in developing countries, in a way that contributes to achieving sustainable development and building more efficient and sustainable food supply chains.
This partnership is of great importance because it combines the development financing capabilities possessed by the Saudi Fund for Development and the specialized investment expertise it enjoys. "Clear" In developing agricultural and food value chains around the world.
This cooperation would enhance the Kingdom’s contribution to supporting the stability of global food supplies, and confirm its position as a reliable partner in promoting sustainable development efforts.
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