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

These investment 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

  

Saudi Ports Authority (Mawani) signed here today 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 the Kingdom of 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 SAR 370 million 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 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.

-Ends-

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases