Saudi Arabia Increases Support to Enhance Food Security

Saudi Arabia Increases Support to Enhance Food Security

Saudi government entities concerned with the food security system have allocated around $2.5 billion to support the strategic inventory of wheat and barley and compensate importers.

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, approved the support to address the effects of rising prices globally.

Last July, King Salman approved the allocation of $5.3 billion of financial support to help confront the impact of rising costs around the globe. It aims to increase strategic reserves of necessities and ensure their availability.

The Saudi Food Security Committee held its periodic meeting chaired by the Minister of Environment, Water, and Agriculture, Abdul Rahman al-Fadhli, to review the developments regarding food security in local markets.

It noted an abundant quantity of food commodities in the local market and the volume of stocks and local and external supply chains in light of global market developments against the backdrop of the Russia-Ukraine crisis.

Fadhli announced that the Saudi government entities concerned with the food security system allocated around $2.5 billion to address the effects of rising global prices.

The committee is working to follow up on implementing the leadership's directives to ensure abundant supply, enhance the local stock of essential food commodities and support their continuity in the