Business · Economy · 7 hrs ago

Saudi rural development support generates 3.4 riyals per riyal in five sectors

Saudi rural development support generates 3.4 riyals per riyal in five sectors

Saudi Arabia’s Reef programme reported strong returns from rural support in five sectors: roses, fruit, rain-fed crops, coffee and honey.

The programme said each riyal of support generated about 3.4 riyals in economic returns.

From 2020 to 2026, it provided 3.1 billion riyals in direct support to people working in those sectors.

It said this support added 10.7 billion riyals to gross domestic product cumulatively.

The programme also put the indirect GDP contribution at 5.4 billion riyals.

Its spokesperson said the support aims to diversify rural family incomes, increase the value of farm products and create jobs.

The programme said these efforts are intended to strengthen economic stability in rural areas.

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Majed Al-BuraikanOfficial spokesperson for Reef Saudi Arabia
This growth in the program's sectors reflects its ongoing efforts to diversify the income sources of rural families, increase the value added to agricultural products, enhance job opportunities and achieve economic stability in rural areas.
via Al Madina