First regional grain terminal to be built in Saudi Arabia’s Yanbu Commercial Port

First regional grain terminal to be built in Saudi Arabia’s Yanbu Commercial Port

First regional grain terminal to be built in Saudi Arabia's Yanbu Commercial Port

First regional grain terminal to be built in Saudi Arabia's Yanbu Commercial Port

First regional grain terminal to be built in Saudi Arabia's Yanbu Commercial Port

A 313,000-square-meter grain terminal will be built. (Shutterstock)

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First regional grain terminal to be built in Saudi Arabia's Yanbu Commercial Port

The signing ceremony was attended by Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley and Minister of Transport Saleh Al-Jasser

Updated 24 July 2020

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RIYADH: The Saudi Ports Authority (Mawani) and the Saudi Agricultural and Livestock Investment Co. (SALIC) signed an agreement to build a 313,000-square-meter grain terminal in Yanbu Commercial Port capable of handling 5 million tons of produce a year.

SALIC, a Public Investment Fund-owned company, was formed in 2011 to secure food supply for Saudi Arabia through mass production and investment.

The project will link the Kingdom to global grain sources, especially in areas where SALIC holds investments.

The ceremony was attended by Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley and Minister of Transport Saleh Al-Jasser, and was signed by Saad Al-Khalb, president of Mawani and the CEO of SALIC, Sulaiman Al-Rumaih.

Al-Fadley, who is also the chairman of SALIC's board of directors, said: