King Salman inaugurates Saudi agriculture program

King Salman inaugurated the Sustainable Agricultural Rural Development Program at Al-Yamamah Palace in Riyadh on Wednesday. (SPA)
Updated 10 January 2019
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King Salman inaugurates Saudi agriculture program

  • The program aims to boost production
  • Minister said the program would also help small producers across the Kingdom.

RIYADH: King Salman inaugurated the Sustainable Agricultural Rural Development Program on Wednesday at his palace in Riyadh. 

The program aims to boost production, processing and marketing of fruit, fish, livestock, Arabic coffee and cultivation of rain-fed crops.

The Minister of Environment, Water and Agriculture, Abdulrahman bin Abdulmohsen Al-Fadhli, thanked the king for patronizing the launch of the program. 

He said the program would also help small producers across the Kingdom.

The program will not only boost investment in the agriculture sector but it will also diversify the sector, improve the incomes of small farmers, create job opportunities and contribute to food security and sustainable development.

Vision 2030 aims to diversify the economy by developing the economic sector to achieve sustainable development. It further emphasizes reserving natural resources including the rationalization of water consumption in agriculture and achieving food security to increase the share of the agriculture sector in the gross domestic product, which will help in the main agenda, economic diversification.

The king expressed his happiness over the overall progress of the country. He thanked God for blessing the Kingdom with resources and honoring it with the presence of the Two Holy Mosques.

The minister presented the king with a commemorative gift.


Crown prince: Saudi investment in India to reach $100bn

Updated 25 min 31 sec ago
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Crown prince: Saudi investment in India to reach $100bn

  • Mohammed bin Salman says value of investments to increase rapidly over next two years
  • Modi praised relations between the two countries after signing cooperation agreements

DUBAI: Crown Prince Mohammed bin Salman said on Wednesday he expects Saudi Arabia’s investments in India will be worth $100 billion in the next two years.

During a press conference with India’s Prime Minister Narendra Modi, the crown prince said the Kingdom had invested $10 billion in technology and small companies in India which had “achieved very remarkable returns.”

Speaking on the second day of hist India visit, and after the signing of five agreements with Modi, the crown prince also said that there were many opportunities for India in Saudi Arabia.

“We expect that the opportunity we are developing in India in many fields will exceed 100 billion dollars over the next two years,” Prince Mohammed said. “We want to work as two governments to ensure these investments and achieve beneficial returns for both countries. 

“We also hope that relations between the Kingdom of Saudi Arabia and India will contribute to providing more opportunities for Indian laborers and manpower to contribute to the future of the Kingdom of Saudi Arabia and building the Kingdom's Vision 2030.”

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The crown prince spoke of the depth and history of relations between the two countries, acknowledging the role Indian labor and businesses had played in the Kingdom’s development.

He also said the economic partnerships were grounded in the two nation’s similar challenges - “extremism, terrorism and the security of the Indian Ocean.”

He said Modi’s visit to the Kingdom in 2016 had achieved investments worth $44 billion in refining and petrochemicals.

The two countries planned to expand India’s oil storage capacity to make India an “important regional center in distributing oil and its products.”

The crown prince and Modi earlier oversaw the signing of agreements in the fields of investment, tourism, housing and information and broadcasting.

The crown prince arrived in India after a two-day trip to Pakistan as part of a tour of Asia.

Earlier he attended a ceremonial welcome in New Delhi after landing in the country on Tuesday evening.