National Grain Company, a joint venture between the Saudi Agricultural and Livestock Investment Co (SALIC) and Saudi shipper Bahri, has signed an agreement to build a grains terminal in Yanbu Commercial Port in Saudi Arabia, SALIC announced.
The first phase of the project will include a new grains terminal with a storage capacity of 156,000 tonnes to accommodate 12 silos with a total capacity of 96,000 tonnes and a flat warehouse with a capacity of 60,000 tonnes, according to the 23 March statement.
Other features would include a 650m conveyor belt, unloading equipment with 800 tonnes/hour discharge capacity, and a dedicated area for loading trucks and packaging, SALIC said.
The terminal would also be designed to handle, store and distribute up to 3M tonnes/year of grains, including barley, corn and soyabeans, the company said.
HAIF Trading & Construction had been appointed to build the grain terminal.
According to Abdulrahman Abdulmohsen Al-Fadley, the minister of environment, water and agriculture and chairman of SALIC, the grains terminal would be the first regional centre for grains in the commercial port of Yanbu.
The aim of the new terminal was to accelerate the origination and discharge of grains to Saudi Arabia and enhance supply chain capabilities, he said.
SALIC was established in 2009 by Royal Decree to secure food supplies for Saudi Arabia through mass production and investments. The National Grains Company was formed in August 2020 to contribute to achieving a food security strategy.