SALIC Supports the Supply Chain Ecosystem

SALIC, a subsidiary of the Public Investment Fund, confirmed that the integration of its local and international investments contributes to enhancing the effectiveness of the supply chain ecosystem. This is in line with its strategic objectives in the field of food security aimed at the sustainability of strategic commodities by increasing productivity, reducing costs, ensuring product efficiency, and achieving flexibility in dealing with potential changes in global markets.

SALIC explained that it integrates with various local partners and subsidiaries along the value chain, from production, handling, and supply to manufacturing, to provide strategic commodities with high efficiency. SALIC added that it supplied 65,000 tons of barley last month from its investment in Ukraine to the National Grains Company, which was transported by the national carrier Bahri from the port of Odessa to King Abdullah Port in Rabigh. SALIC clarified that the supplied quantity is one of the raw materials for producing value-added compound animal feeds that serve all beneficiaries in the private sector by diversifying feed sources and increasing nutritional value.

It is worth mentioning that the National Grains Company was established through a strategic partnership between SALIC and Bahri in 2020, aiming to take care of the trade, handling, and storage of animal grains. The company has started constructing a grain handling station at the Yanbu Commercial Port with a storage capacity of 156,000 tons in its first phase. The station, with an annual handling capacity of more than 1.2 million tons, aims to connect the Kingdom with global grain sources and enhance the Kingdom’s food security system.

Notably, over the past four years, SALIC has supplied the Kingdom with more than four million tons of strategic goods, with its first imports in 2020 amounting to 60,000 tons of wheat. The quantities imported in the past two years of wheat alone are estimated to cover more than 35% of the Kingdom’s needs.