SALIC Completes Supplying 355 thousand tons of wheat to the KSA

The Saudi Agricultural and Livestock Investment Company (SALIC) a wholly-owned subsidiary of the Public Investment Fund, declared completion of supplying 355 thousand tons of wheat to the KSA in 2021 to Saudi Grains Organization (SAGO) in implementation to all its contracts after it won the tender offered by the Corporation in the beginning of this year to Saudi investors abroad within the framework of the Program on Encouragement and Support of Saudi Investors Abroad as part of the programs on wheat purchase sources diversification and enhancement of food security of the KSA.

SALIC mentioned that it’s supplied the quantity from its external investments in Australia, Ukraine, and Canada by 6 shipments to 4 local ports, as King Abdulaziz Port in Dammam received two shipments of 120,000 tons from Australia and one shipment of 60,000 tons from Canada. Jeddah Islamic Port and Yanbu Commercial Port received two shipments of from Ukraine 60,000 tons to each of them, while Jazan Port received 55,000 tons from Australia.

It is worth mentioning that SALIC invests locally and in several countries of comparative advantage to contribute to realizing the KSA food security strategy by diversifying and increasing the sources of agricultural supplies and to contribute to price stability in the domestic market.