SALIC Complete Supply of 355,000 tons of Wheat, in 2021

The Saudi Agricultural Investment and Livestock Production Company (SALIC), owned by the Public Investment Fund, announced that it has completed the supply of 355,000 tons of wheat during 2021, for the Saudi Grain Organization (SAGO), in implementation of all its contracts, after it won the tender that SAGO has offered, at the beginning of the year, for Saudi investors abroad.

That was in the framework of the program to encourage and support Saudi investors abroad, as one of the programs to diversify sources of wheat purchase and enhance food security, in the Kingdom.

SALIC indicated that it received the indicated amount of its foreign investments, in Australia, Ukraine and Canada within 6 shipments to 4 local ports, where King Abdulaziz Port, in Dammam received two shipments from Australia, with a quantity of 120 thousand tons, and one shipment from Canada with a quantity of 60 thousand tons, and it was received at Jeddah Islamic and Yanbu commercial Ports, while two shipments were received from Ukraine weighing 60 thousand tons, each, and finally Jizan Port received one shipment of 55 thousand tons from Australia.

It is noteworthy that SALIC invests locally and in many countries of comparative advantage, to contribute to achieving the food security strategy, in the Kingdom, by diversifying and increasing the sources of agricultural supplies and contributing to the stability of prices, in the local market.