KSA Investment in Agriculture Rises 6.6% Annually

Riyadh, June 23 (QNA) -With the Kingdom of Saudi Arabia’s population growing at a rate of 2.9 percent, the demand for food products is set to increase in the mid-term, driving investment in the agriculture sector to 6.6 percent annually.

While the current capital has touched $12.3 billion in domestic agricultural projects, the Saudi government is channeling more funds towards agricultural investment.

It has also earmarked $16.2 billion for the development of agriculture, water and related infrastructure, which accounts for 7.3 percent of the total budget of the sector and 5.7 per cent increase from the 2013 budget, reported Saudi Gazette on Monday.(QNA)

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