Saudi fund to finance $39.9m barley import
RIYADH, August 11, 2022
Saudi Arabia's Agricultural Development Fund yesterday (August 10) signed a contract to finance import of 130,000 tons of barley with a value of SR150 million ($39.9 million).
The contract comes within the programmes and initiatives of the fund to enhance the strategic stock of agricultural products targeted in the Food Security Initiative, said a Saudi Press Agency report.
It also aims to compensate for any shortages that may occur in the supply of agricultural commodities and products and ensure the stability of food supply chain, it said.