Saudi Arabia will inject €52 million into Tunisia's olive groves

Olimerca.- Tunisia has set a goal with olive oil: to produce one million tons annually, which means multiplying its current production by five, which is at 200,000 tons. This will be supported by a loan of 52 million euros from Saudi Arabia. This announcement, according to Olive Oil Times, was made by the Minister of Agriculture, Water Resources and Fisheries of the North African country, Abdelmonem Belâati. And to achieve this, two projects are already underway. One is the construction of a 10,000 hectare plant in the Borge Bourguiba and Oued Jar areas and where Saudi financing persists. The second involves the planting of approximately 130,000 olive trees on a total area of 1,000 hectares near the municipality of Remada, where to encourage farmers in this province to also plant olive trees, thousands of seedlings were distributed free of charge. Under the supervision and support of the Agricultural Investment Promotion Agency, these ...