Bahri + Salic JV kick off operations at Yanbu Grain Handling Terminal

Bahri + Salic JV cuts ribbon on Yanbu Grain Terminal: The National Grains Company, a JV between Bahri and the Saudi Agricultural and Livestock Investment Co. (Salic), kicked off operations at its Yanbu Grain Handling Terminal, according to a disclosure to Tadawul. Originally set to go online in 2H 2023, the project was delayed due to the fulfillment of additional requirements and the expansion of its infrastructure, which raised the projected cost by 7% to SAR 441.4 mn.

The details: The terminal has a capacity of handling up to 3 mn tons of grain per year with a total storage capacity of up to 156k tons. The infrastructure features 12 silos with a total capacity of 96k tons. It also includes a 650-meter conveyor belt and is capable of unloading up to 800 tons per hour directly from ships.

KSA’s on a grain kick: Mawani and G4 Logistics signed a SAR 200 mn agreement to set up silos and warehouses for grain storage at the King Abdulaziz Port in Dammam back in May. Saudi also allocated 331k hectares for grain cultivation in 2023, of which 323k hectares were harvested to produce 1.75 mn tons