A 60,000-ton consignment of barley arrives in Jeddah Islamic Port
The National Shipping Company of Saudi Arabia recently announced that its tanker ‘SARA’, with 60 thousand tons of barley, has arrived at the Jeddah Islamic Port, coming from the Australian port of Bunbury.
The Agricultural Development Fund financed the supply contract concluded between Mansour Al-Mosaid Company and the Saudi Agricultural and Livestock Investment Company ‘SALIC’. Upon arrival in the Red Sea Port, the shipment was received by several officials from all stakeholders concerned.
“Providing staple grains such as barley, wheat, and corn to Saudi Arabia is one of our greatest accomplishments as part of the supply chain,” commented Eng. Ahmed bin Ali Al-Subaey, CEO, Bahri.
“SALIC has contributed to achieving the national goals for food security in strategic commodities by receiving over one million and three hundred thousand tons of commodities and products in the Kingdom during the year 2022,” remarked Engr. Sulaiman Bin Abdulrahman Al-Rumaih, CEO, SALIC Group.
“The funding comes within the fund’s initiative to finance the import of agricultural products targeted in the food security strategy, in line with its objectives of supporting and developing the agricultural sector, strengthening and stabilizing the food security system,” commented Munir Bin Fahd Al-Sahli, General Manager, The Agricultural Development Fund.
“Over the past forty years, Mansour Al-Mosaid Company has played a key role in importing and trading barley in the Kingdom of Saudi Arabia, and we are delighted to cooperate with two of the Kingdom’s largest companies,” stated Ahmed Bin Mansour Al-Sudairy, Chairman, Mansour Al-Mosaid Company
It is worth noting that this cooperation between SALIC and Bahri companies is the second of its kind after their strategic partnership in 2020 AD in the establishment of the National Grain Company to establish a Yanbu grain handling station in Yanbu Commercial Port.
Saudi Arabia’s Sovereign Wealth Fund, the Public Investment Fund, wholly owns SALIC and 22. 55% of Bahri, a press communique concluded.
