Saudi Arabia to target agro-investments abroad

Updated 11 November 2013

Saudi Arabia to target agro-investments abroad

Saad Khalil, director of King Abdullah’s Initiative for Saudi Agricultural Investment Abroad, recently revealed that 35 countries have been targeted for agro-investment so far.
Khalil said investments are available in these countries to produce basic and strategic commodities for food security for both the Kingdom and target countries.
“We still don’t have accurate information as to whether there has been growth or decline in the volumes of agro-investment abroad,” he added.
The Agricultural Development Fund, the financing arm of the initiative, will announce the terms and conditions for funding abroad with the aim of regulating and streamlining the investment process.
“Since the launch of the initiative in 2009, the fund’s work has been conducted in several stages. The first phase involved visiting and surveying the targeted countries on a ministerial level accompanied by technical teams that are directly involved with the initiative,” explained Khalil.
The second phase, he added, involved establishing the Saudi Company for Agricultural Investment and Animal Production (SCAIAP) and implementing the decision of the Council of Ministries to approve loans granted by the fund for agro-projects abroad.
The initiative was transferred from the Ministry of Commerce and Industry to the Ministry of Agriculture.
Saudi Arabia seeks to promote and enhance investment opportunities in food and animal resources in several countries with the aim of ensuring a supply of such commodities at affordable prices.
Bilateral agreements are signed with countries to insure the realization of the objectives of these investments, as well as easing the economical costs of transferring crops to Saudi Arabia.

Photos of Al-Khandaq mosque during Ramadan highlight historic importance of Madinah

Updated 5 min 47 sec ago

Photos of Al-Khandaq mosque during Ramadan highlight historic importance of Madinah

MADINAH: The holy city of Madinah in Saudi Arabia continues its centuries’ old tradition of receiving visitors and pilgrims who enjoy visiting its famous mosques and landmarks dating back to the time of the Prophet Muhammad.

Al-Khandaq Mosque or the Mosque of the “Trench,” which is also referred to as the “Mosque of the Conquest,” is one of the historical sites that visitors to Madinah have high on their list of “must-sees.” It is connected to the Battle of the Trench, which took place during the time of the Prophet Muhammad (PBUH).

The mosque is located in the trench northwest of Madinah where the events of the Battle of the Trench took place.

A few years ago Saudi Arabian authorities expanded the mosque. It is built in a modern architectural style that highlights the aesthetic value of the area and the value of the trench, which is situated at the foot of Jabal Sal’a mountain.

Madinah’s battle of the trenches marked the consolidation of the Prophet’s tenure when he was faced with an attack on Madinah made by an alliance of Jewish and non-Muslim Arab tribes to unseat him.

The digging of the trench around the city saved the day and denied the effective use of cavalry in storming the city by 10,000 attackers who besieged Madinah for more than 30 days.

The Saudi Press Agency recently captured the daily influx of visitors to Madinah during the holy month of Ramadan.

Photos show activity in Al-Khandaq Mosque and seven other mosques in its vicinity. The photographs are a reportage of activities ranging from praying and sightseeing to learning about the mosque’s history, and help put them into the context of the role played by the mosque and the city in spreading the values of Islam and its religious message.