The Saudi Agricultural Investment and Livestock Production Company “SALIC”, owned by the Public Investment Fund, said that its two shipments from its investments in Ukraine, weighing 121,000 tons of wheat, have arrived at Jeddah Islamic Port and the other one at Yanbu Commercial Port.
“SALIC” added in a press statement that the two shipments fall within the framework of its tender with the General Grain Corporation to purchase 355,000 tons of wheat within the program to encourage and support Saudi investors abroad as one of the food security programs in the Kingdom. “SALIC” noted that it will supply the tender amount through six shipments. During the current Gregorian year, the first shipment arrived through King Abdulaziz Port in Dammam. The second reached the Jizan port, while the last two shipments came from SALIC’s investments in Canada and Australia.
It is noteworthy that the investment of “SALIC” in Ukraine was funded by the Agricultural Investment Abroad Initiative, one of the programs of the Agricultural Development Fund, where the “Continental Farms Group” manages 195 thousand hectares of agricultural land in western Ukraine and annually produces one million tons of grain.