MAWANI signs contracts to establish storage silos at Jazan, Ras Al-Khair ports

Logo of MAWANI

Saudi Ports Authority (MAWANI) signed today, July 14, investment contracts with United Feed Co. at Jazan and Ras Al-Khair ports to establish silos to store grains, according to a statement.

The annual amount that will be handled is estimated at 2.88 million tons, while the investment volume by the company to the two sites stands at around SAR 370 million.

This is for a total area of 30,000 square meters (sqm) at Jazan Port and 60,000 sqm at Ras Al-Khair Port with a total storage capacity of 1 million tons.

The 20-year contract includes establishing 16 silos with a storage capacity of each unit standing at 15,000 tons and a total capacity of 240,000 tons.

This is in addition to establishing an entire complex to distribute grains and a special facility for packing inside the location, as well as providing four unloading machines at the dock with a capacity of 600 tons per hour for each unit.

This comes as a support from MAWANI to the Kingdom’s food security, in a bid to achieve national strategic targets for transport and logistics services that contribute to enhancing Saudi Arabia’s status as a global logistical hub and a connection for three continents, in line with the National Industrial Development and Logistics Program (NIDLP) and Vision 2030.

These contracts come in line with the strategic goals towards realizing the best utilization of the capacity of Saudi ports and increasing the contribution of the private sector in the port sector to 90% by 2030.

This will help the launch of diversified development projects that add value to the national economy and support the investment environment and commercial activities in the Kingdom.