SALIC announces the arrival of its shipment of Australian wheat to Dammam Port

The Saudi Agricultural and Livestock Investment Company (SALIC), owned by the Public Investment Fund, clarified that the shipment of high-quality wheat weighing 60,000 tons, which comes from its investments in Australia, arrived today, Wednesday, June 23rd, 2021 at King Abdulaziz Port in Dammam, and was received by a number of SALIC officials as well as the Saudi Grains Organization (SAGO) and the Port Authorities.

The shipment, which departed last month from Port Kembla on the Eastern Coast of Australia, was part of the Saudi Grains Organization’s tender to purchase 355,000 tons of wheat as part of a program to encourage and support Saudi investors abroad as one of the Kingdom’s food security programs, which aims to diversify and increase sources of external food supplies. The remainder of the wheat will be supplied during this calendar year from SALIC’s investments in Australia, Ukraine and Canada.

It is worth noting that SALIC’s primary role is to contribute to achieving the food security strategy in the Kingdom by investing in all phases of agricultural supply chains locally and globally with the aim of providing basic food products and stabilizing their prices in the local market while achieving satisfactory financial returns that ensure business sustainability and growth.