The state-owned Saudi Company for Agricultural Investment and Animal Production (SALIC) and the Saudi National Shipping Company (Maritime) announced the establishment of a joint venture bearing the name of the National Company for Grains. / p>
According to Reuters, the two companies stated in a statement that the total cost of this partnership is estimated in its first phase about 412 million riyals (109.86 million dollars). This partnership will focus on caring. By trading, handling and storing grains among their sources in all regions ... and contributing to the process of import, transportation, distribution and storage.
The statement added that the project will start with a capacity of about three million tons annually, to gradually increase to five million tons annually.
(Amazon fun knowledge)
