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Agricultural Development Fund Law, issued by Royal Decree No.M/9 of 2009 (1430 Hegira).

Country/Territory
Saudi Arabia
Document type
Legislation
Date
2009
Source
FAO, FAOLEX
Subject
Agricultural & rural development
Keyword
Special fund Agricultural development Sustainable development Crops/grasses Transport/storage Sustainable use
Geographical area
Asia, Middle East, Near East and North Africa, Persian Gulf, Red Sea & Gulf of Aden, Western Asia
Entry into force notes
This Law enters into force 90 days after its publication in the Official Gazette.
Abstract

This Law consisting of 12 articles aims at establishing a fund to help the development of a sustainable agriculture in the Kingdom, taking into account the environmental protection and water conservation and its rational use, through the provision of soft loans (small and medium loans, in cash or in-kind) and the necessary credit facilities. Their main objectives are: encourage the cultivation of agricultural crop; develop breeding and fishery, together with storage and marketing their products; encourage the industry localization, in particular of the techniques for the rationalization of water use; protect the agricultural associations; protect the small enterprises that provide services to the agricultural sector.

Full text
Arabic
Website
www.nazaha.gov.sa