Riyadh - Broadcast: The Federation of Saudi Chambers of Commerce and the Agricultural Development Fund signed today (Tuesday) a memorandum of understanding, to develop and stimulate Saudi agricultural investment at the local and international levels.

The signing ceremony took place at the Federation's headquarters in Riyadh, where it was signed by the President of the Federation of Saudi Chambers of Commerce, Mr. Ajlan bin Abdulaziz Al-Ajlan, and the Director General of the Agricultural Development Fund, Eng. Munir bin Fahd Al-Sahli, in the presence of the Fund's Deputy Director General for the Credit Sector Badr bin Sulaiman Al-Malik.

In accordance with the terms of the memorandum of understanding, the two parties will work to exchange the necessary information, data and reports, support relevant joint research and studies, and participate in organizing seminars, conferences, events and workshops, in addition to supporting the development of opportunities for international partnerships, agreements and initiatives to serve the business sector, as well as enabling the participation of the Agricultural Development Fund in membership Business councils and trade delegations with relevant countries.

This cooperation between the two sides enhances the efforts of the Agricultural Development Fund through the "Responsible Saudi Agricultural Investment Abroad" program, which is one of the fund's financing programs to diversify and stabilize external food supply sources to achieve the Kingdom's food security initiative.