SALIC supplies 30% of Kingdom’s wheat needs in 2022

The Saudi Agricultural and Livestock Investment Co. (SALIC), a wholly-owned subsidiary of the Public Investment Fund (PIF), announced completing the supply of more than 1.2 million tons of strategic commodities in 2022, or 30% of the Kingdom’s wheat needs under direct and indirect contracts.
 

In a statement today, March 28, SALIC directly supplied 720,000 tonnes of wheat, which represents 20% of the Kingdom's annual procurements, after having won tenders launched by the General Food Security Authority (GFSA) as part of a program to encourage and support Saudi investors abroad in diversifying sources of wheat, to enhance food security in the Kingdom.
 

Further, it indirectly supplied more than 300,000 tons of wheat, 120,000 tons of barley, 70,000 tons of soybeans, 12,000 tons of red meat, and 11,000 tons of rice through its subsidiary companies in various continents.