Mawani (Saudi Ports Authority) signed here Tuesday investment contracts with the United Feed Company at Jazan; and Ras Al-Khair ports to establish silos to store grains.
This comes as a support from the Authority to the food security in the Kingdom of Saudi Arabia, in a bid to realize national strategic targets for transport and logistics services that contribute to enhancing Saudi Arabia's status as an international logistical hub and a connection center for three continents, in line with the National Industrial Development and Logistics Program (NIDLP) and Saudi Vision 2030.
According to the investment contracts, the annual amount that will be handled is estimated at 2,880,000 tons; while the investment volume by the company to the two sites stands at around SR370mn with a total area of 30,000 square meters at Jazan Port and 60,000 square meters at Ras Al-Khair Port with a total storage capacity of 1,000,000.
The 20-year contract includes establishing 16 silos with a storage capacity of each unit standing at 15,000 tons; with a total capacity of 240,000 tons. In addition to establishing an entire complex to distribute grains and a special facility for packing inside the location.
This is in addition to providing four state-of-the-art unloading machines at the dock; with an unloading capacity of 600 tons per hour for each unit.
These investment also contracts emanate from the pivotal role of the port and logistics sector; for its being among the main enablers for the various industrial and important sector, including the food security sector.
They are also in line with the strategic goals of Mawani towards realizing the best utilization of the great capacity of Saudi ports and increasing the contribution of the private sector in the port sector to 90% by 2030 to launch diversified development projects that contribute to the national economy and the investment environment and commercial activities in the Kingdom of Saudi Arabia.