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As per the deal, UFC will set up a total of 16 silos at the ports to handle a total storage capacity of 240,000 tons
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There will also be a complex to distribute grains and a packaging facility, built at an investment of SR370 million ($98.5 million)
Saudi Ports Authority and United Feed Company, based within the country, have signed a deal to build silos at Jazan and Ras Al Khair ports, said local reports on Wednesday, July 28.
Once completed, the silos will give the ports a total storage capacity of 2.88 million tons of grain, said the reports.
As per the deal, UFC will set up a total of 16 silos at Jazan and Ras Al Khair ports to handle a total storage capacity of 240,000 tons.
In addition, there will be an entire complex to distribute grains and a packaging facility at an investment of SR370 million ($98.5 million).
The port authority, also known as Mawani, has already announced investment opportunities in partnership with the private sector to develop and operate multi-purpose terminals in eight of the nation’s ports, covering areas such as general bulk and RoRo cargo.