Riyadh, Saudi Arabia – 8th July, 2020: G3 Holding, a company owned 75% by SALIC (a Public Investment Fund company), officially announced today, Wednesday the 8th of July, 2020, the opening of the G3 Terminal Vancouver (G3TV), a modern grain export terminal on the west coast of Canada. Engineering and construction work for the terminal began in March of 2017 and was completed precisely as planned. G3 already owns and operates elevators in the key Canadian grain production areas. The launch of G3TV will enhance the company’s position giving access to both western and eastern seaboards. The Vancouver terminal provides G3 with a global competitive advantage to trade grain worldwide.
G3TV was designed with a focus on high velocity grain receiving, loading and best-in-class environmental and safety standards, representing the next generation of grain terminal design. The facility can receive up to three 150-car trains on its loop track, unique among grain exporting terminals in Canada. Trains quickly unload while in motion and travel back to G3’s Prairie elevators without detaching from their locomotives, which is critical to increasing supply chain efficiency.
G3TV’s dock can accommodate vessels up to Capesize, and its three large ship loaders move grain on board at up to 6,500 tonnes per hour, setting a new industry standard, furthermore the dock has a storage capacity of 180,000 metric tonnes and receives and ships a variety of grains and oilseeds.
The CEO of SALIC, Engineer Suleiman bin Abdul Rahman Al-Rumaih, stated that the opening of the G3 Vancouver Station comes within the framework of implementing SALIC’s corporate strategy, which in turn contributes mainly to achieving the goals of the Kingdom’s 2030 vision. The company aims to stimulate foreign agricultural investments and to contribute to the food security system in the Kingdom and the world. These types of projects will also contribute significantly to the technology and knowledge transfer in the field of grain trade and handling to the Kingdom. This will primarily be accomplished through extensive training programs for the next generation of Saudis , which will ultimately improve the capabilities of SALIC in the field of grain handling and trade by linking it with the company’s current investments in countries like Ukraine, Australia, and soon, in the Kingdom. He also pointed out that SALIC entered into a strategic partnership with Bunge International in 2015 to establish “G3 Holding” of which SALIC owns the majority share, to invest in the handling and export of agricultural grains.