Fri, 2020-07-24 00:36
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.
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