Saudi Ports to develop massive grain terminal in Yanbu

RIYADH: The Saudi Ports Authority (Mawani) is set to develop the Kingdom’s biggest grain terminal in Yanbu.

Mawani signed an agreement with the Saudi Agricultural and Livestock Investment Company (SALIC), a Public Investment Fund-owned company, to lease land in Yanbu Commercial Port to be used to develop the project. The value of the project was not disclosed.

The terminal, which will be sited on 313,000 square meters of land, will be used for importing, processing and exporting grain. It will be built in two phases with total capacity of 5 million tons annually.