Home Construction Yanbu port grain terminal

Yanbu port grain terminal

The National Shipping Company of Saudi Arabia (Maritime) said in a statement to the stock exchange today, that it has signed an agreement to establish the “National Company for Grains”, equally with the Saudi Company for Agricultural Investment and Animal Production (Salik). Through the agreement, a project to establish a
grain terminal in Yanbu port will be implemented, Commercial.

Bahri said that the project will start implementation in the second half of 2021, with a total investment of $110 million.

It expected the completion of the project in the second half of 2022, and the start of trial production in the first half of the same year for a period of 3 months, provided that the commercial production of the project will start in the second half of 2022.

The Bahri company said that “the project will be financed by the company’s cash flows in addition to bank financing.” It added that it will appoint the implementing agency for the project in the second half of this year. (Prepared by Abdel Qader Ramadan and Abdel Qader works for the Masrawy Al-Masry website, and he previously
worked in several institutions, including the Egyptian Voices website affiliated with the Thomson Reuters Foundation, the Egyptian Stock Exchange newspaper, and the Egyptian satellite channel CBC).

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