The National Development Company (NADEC) was established by Royal Decree in 1981 in order to lessen Saudi Arabia

Saudi Arabia

The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...

's dependence on agricultural imports. It is a joint stock public company with 400 million Saudi Riyal equity capital. The Saudi Arabian government owns 20% of the company's shares while the rest is publicly traded.

It owns five dairy farms with 25000 heads of cattle and two modern dairy plants with a total capacity of one million litres of milk daily.

External links

• Official Website

National Development Company (NADEC) is a Joint Stock public company with SR 600MM equity capital. The Saudi Arabian government owns 20% of the company's shares while the rest is publicly traded.
NADEC is involved in the agricultural production as well as food processing & distribution.