Saudi agricultural fund signs $40m deal to finance import of 130K tons of barley

RIYADH: Saudi Arabia’s Agricultural Development Fund has signed a SR150 million ($39.8 million) contract to finance the import of around 130,000 tons of barley.

It is part of the fund’s initiative to finance the import of agricultural products, according to the Saudi Press Agency. 

The fund aims to enhance the strategic stock of agricultural products and compensate for any agricultural commodities’ supply shortages, as well as ensuring the stability of food supply chains.

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