SALIC subsidiary opens grain export terminal on Canada’s west coast

G3 Holding, a company owned 75% by Saudi Agricultural and Livestock Investment Co. (SALIC), officially announced the opening of the G3 Terminal Vancouver (G3TV), a modern grain export terminal on the west coast of Canada.

The launch of G3TV will enhance the company's position, giving access to both western and eastern seaboards, and a global competitive advantage to trade grain worldwide, SALIC, owned by the Public Investment Fund (PIF), said in a statement.

G3TV was designed with a focus on high velocity grain receiving, loading and best-in-class environmental and safety standards.

The facility can receive up to three 150-car trains on its loop track. Trains quickly unload while in motion and travel back to G3’s Prairie elevators without detaching from their locomotives, which is critical to increasing supply chain efficiency.

G3TV’s dock can accommodate vessels up to Capesize, and its three large ship loaders move grain on board at up to 6,500 tons per hour, furthermore the dock has a storage capacity of 180,000 metric tons and receives and ships a variety of grains and oilseeds.

“The opening of the G3 Vancouver Station comes within the framework of implementing SALIC’s corporate strategy, which in turn contributes mainly to achieving the goals of the Kingdom's Vision 2030,” Eng. Suleiman bin Abdul Rahman Al-Rumaih, CEO of SALIC, said.

He also stated that the company aims to stimulate foreign agricultural investments and contribute to the food security system in the Kingdom and the world, adding that these type of projects will also contribute significantly to the technology and knowledge transfer in the field of grain trade and handling to the Kingdom.

“This will primarily be accomplished through extensive training programs for the next generation of Saudis , which will ultimately improve the capabilities of SALIC in the field of grain handling and trade by linking it with the company's current investments in countries like Ukraine, Australia, and soon, in the Kingdom,” the CEO noted.

Engineering and construction work for the terminal began in March of 2017 and was completed precisely as planned.

G3 already owns and operates elevators in the key Canadian grain production areas.