TADCO Receives Second Installment of Financing Loan
TADCO Receives Second Installment of Financing Loan
Tabuk Agricultural Development Company (TADCO) announced receiving the second installment of the financing loan from the Agricultural Development Fund, amounting to SAR 29.81 million, reported maaal.
The total loan amount reached up to SAR 50.5 million. The two-year financing period aims to support the operational activities of TADCO.
In a statement released today on Tadawul, the company said that the financing guarantees include a mortgage on land, noting that any significant events regarding this matter will be announced later.
This follows the company’s announcement on Tadawul dated 26/12/2023 revealing the receipt of the first installment of SAR 9,939,999.
Organic Farming in Tabuk
In recent years, Tabuk, a region in Saudi Arabia, has witnessed a significant shift towards organic farming.
This move aligns with the increasing global demand for organic products and the growing awareness about their benefits.
Tabuk’s unique climate and fertile lands make it an ideal location for organic farming.
The development of 12 organic farms in Tabuk marks a significant step in offering consumers safe and environmentally friendly food options.
The Rise of Organic Farms in Tabuk
These 12 farms in Tabuk are not just agricultural sites; they represent a commitment to sustainable and eco-friendly farming practices.
By avoiding synthetic pesticides and fertilizers, these farms ensure that their produce is free from harmful chemicals, thus providing consumers with healthier food choices.
Additionally, the growth of organic farming in Tabuk directly responds to the increasing consumer demand for safe and natural food products.
These farms also cater to health-conscious individuals who prioritize the quality and origin of their food.
Government Support and Policies
The Saudi government’s support is vital for the continued growth and success of these farms in Tabuk.
Moreover, this support could include subsidies, training programs, and research into organic farming methods suited to the local environment.
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