The Saudi Agricultural and Livestock Investment Company (SALIC), a wholly-owned subsidiary of the Public Investment Fund, has declared completion of supplying 355 tons of wheat to the Kingdom in 2021.
The move was in implementation to all SALIC contracts after it won the tender offered by the Saudi Grains Organization 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.
SALIC mentioned Friday that it has supplied the quantity from its external investments in Australia, Ukraine, and Canada by six shipments to four 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 from Ukraine, 60,000 tons to each of them, while Jazan Port received 55,000 tons from Australia.
SALIC invests locally and in several countries of comparative advantage to contribute to realizing the Kingdom’s food security strategy by diversifying and increasing the sources of agricultural supplies and to contribute to price stability in the domestic market.
