Overseas farm projects to be insured

Updated 30 December 2013
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Overseas farm projects to be insured

The Agricultural Development Fund, the Islamic Development Bank (IDB) and the Arab Authority for Agricultural Investment & Development are holding talks to provide insurance on the agricultural projects being funded by King Abdullah’s Initiative for Saudi Agricultural Investment Abroad, Abdullah Al-Awain, director general of the fund, said recently.
Al-Awain said the fund seeks to serve the initiative by safeguarding the investments, minimizing the risks that these investments may face and maintain the rights of the fund itself.
“We also aim to increase the chances for their success and maximize the revenues projected, in addition to realizing the aspirations of the initiative and its purposes and objectives,” he added.
He pointed to the difficulties that investors might face aboard, saying: “The risks involved in the agricultural activity are always high, and the regulations of the countries where investments take place are difficult, not to mention the terms and conditions for export in these countries.”


Saudi Cultural Exhibition concludes in Moscow

Seven Saudi films from young local directors streamed during the exhibition. (SPA)
Updated 18 June 2018
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Saudi Cultural Exhibition concludes in Moscow

JEDDAH: The Saudi Cultural Exhibition in Moscow, organized by the General Culture Authority on the sidelines of the FIFA World Cup, has concluded its activities and events.
The four-day exhibition attracted a large number of visitors, who were informed about Saudi culture, art and heritage through short films, traditional costumes, folkloric shows, and books translated into Russian.
There were also various pavilions, including for Arabic calligraphy, Saudi hospitality, Arabic coffee, henna and fine art, as well as one aimed at children. Seven films by young Saudi directors were screened, and were well received by audiences.
Seven Saudi films from young local directors streamed during the exhibition.
The exhibition was part of the General Culture Authority’s efforts to inform people about Saudi culture, art and identity.