Mawani, SALIC ink deal for Kingdom’s first grain terminal in Yanbu Port

23/07/2020 Argaam

 

The Saudi Ports Authority (Mawani) and Saudi Agricultural and Livestock Investment Co. (SALIC) signed a lease agreement for 313,000 square meters to build a grain terminal in in Yanbu Commercial Port, Mawani said in a statement.

 

The new facility will be the Kingdom’s first and largest terminal to import and export grain.

 

The terminal, which will be set up in two phases, is set to handle 5 million tons of grains annually.

 

Abdulrahman Bin Abdulmohsen Al Fadhli, SALIC’s Board Chairman, said the project aims to speed up providing of grains to the Kingdom.

 

Elsewhere, Saleh Bin Nasser Al-Jasser, Minister of Transport and Mawani’s Board Chairman, said the Yanbu grain terminal will be the first regional and logistics hub to process and export grains in Saudi Arabia.

 

The partnership comes in line with Mawani’s strategic goals, which seek to raise the private sector’s investments in the ports sector to 90% by 2030, Al Jasser added.

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