Formation of the first private sector food security committee

The Federation of Saudi Chambers of Commerce has established the first Special National Committee for Food Security of its kind following a 1,000% increase in agricultural investment funds. This is the first time a committee related to the food security sector has been established under the leadership of the private sector represented by the Federation of Chambers of Commerce, a year after the establishment of the Public Food Security Authority, which reflects the private sector’s understanding of the country’s development and economic plans and directions. This move is in line with the EU’s direction to ensure the supply of key commodities, food supply, and strengthen strategic strategies through a series of initiatives and strategies in sync with the modern economic sectors focused on by Vision 2030, including the food security sector. Shares. Shaker Al-Sharif was elected as the Chairman of the Committee and Dr. Abdullah Marai bin Mahfouz was elected as the Vice Chairman for the 1444-1447 session. The Kingdom is committed to the establishment of the General Authority for Food Security and has launched several national strategies covering food security, agriculture, water and the environment. This has helped to increase the share of agricultural investment financing by approximately (1000%) over the past five years, increase agricultural loans to approximately (7) billion riyals by 2022, stimulate the private sector to diversify food import sources, develop infrastructure and logistics, increase the production efficiency of agricultural systems, improve sustainable supply chains, increase strategic stocks of basic commodities and ensure their availability at appropriate prices.