The Development Bank announces its funding to associations specializing in the Bank ' s hard and jazzy production

Monday-2020-10-26

The Bank for Social Development announced its funding to specialized associations and business leaders for small and emerging enterprises for the establishment of coffee production and treatment plants and laboratories in the regions of Assir and Jasan.

Through its support and funding, the Bank aims to create investment opportunities for emerging and small enterprises in accordance with professional standards that ensure the success of the productive process, and to play an active role in promoting and strengthening the capacity of the local product and stimulating it for competitiveness and sustainability under the enormous potential of natural resources.I'm sorry.

The Bank strives to achieve many gains during this funding, including economic diversification, domestic market feeding from the local product, the addition of a qualitative value to Saudi coffee through industrialization and marketing, job creation in production areas, the empowerment of new investment opportunities, the creation of consumer-specific production plants, and the expansion of value chain support and empowerment to stimulate Saudi coffee cultivation I'm sorry.

The Bank ' s declaration follows the signing of agreements between investors from national companies and the owners of the Saudi Ben al-Saudi farms, in the presence of His Royal Highness Prince Mohamed Bin Abdulaziz bin Mohamed Bin Abdulaziz, Vice-Amir of the Jazaan region, His Excellency the Minister of Commerce, Chairman of the Board of Directors of the Saudi Economic Action Centre, Dr. Majid Al-Qabi, His Excellency the Minister of Environment, Water and Agriculture, Eng Abdul Rahman Al-Sah Al-Khari, and Executive Chairman of the Al-Tah Meadiriyah, and Artsah Meadir, and the Chief of the Al-Thi Meade BaderI'm sorry.