The Saudi Ministry of Environment, Water, and Agriculture has announced the launch of the overseas agricultural investment inventory program, which targets the segment of Saudi citizens investing outside the Kingdom, as well as producers who supply the Kingdom.
The ministry explained that the program is an extension of the programs of inventorying agricultural holdings and projects in the Kingdom through the agricultural registry development project and its desire to list and register agricultural investment abroad.
Also, it emphasized that the program highlights the development of economic relations with regard to importing and exporting agricultural commodities and agricultural investment abroad, ensuring food security, and promoting sustainable local agricultural production and agricultural investment abroad.
The agricultural investment inventory program will help diversify and stabilize external food supply sources, support the Kingdom's food security initiatives, and enhance opportunities for agricultural and animal investments abroad.
More so, the program allows the issuance of agricultural records for investment projects abroad, a matter which will benefit Saudi investors.
The program is linked to other programs launched by the Kingdom.
It backs the program for purchasing wheat and other products, financing programs provided by the Agricultural Development Fund for agricultural investment abroad, and the facilities provided by the ministry to importers of agricultural and animal products.
More so, it offers coordination through the Ministry of Foreign Affairs with Saudi embassies. This will help serve Saudi agricultural investors abroad and strengthen bilateral relations and framework agreements with target countries.
The ministry confirmed that a Geospatial portal would be launched for the program.
This portal will enable investors in the field of agricultural and animal activities to register and benefit from the program.
