SAGO receives the first vessel of wheat produced by SALIC

His Excellency, SAGO’s Governor, stated that the arrival of this shipment comes within the framework of the State's direction towards benefiting from the Saudi agricultural investments abroad to meet the Saudi market’s needs. The direction comes within the framework of the agricultural investment programme that represents one of the Kingdom’s Food Security Strategy programmes, which aims to diversify and stabilise the sources of imported food supplies. H.E. pointed out that SAGO’s plant in Jeddah port has completed all preparations to unload the vessel. He also added that SAGO is keen to diversify the imported wheat resources through international tenders in which all wheat exporting origins in the world compete in. In addition to purchasing local wheat from farmers as part of the regulations to stop the local cultivation of green fodder, which its targeted quantity has been raised as of the next season to 1.5 million tpy as well as the tenders specified for Saudi investors abroad, for which 10% of annual wheat purchases are allocated.

H.E. Eng. Abdulrahman bin Abdulmohsen Al Fadhli, the Minister of Environment, Water and Agriculture and SAGO's Board Chairman, had previously stated that the Leadership’s approval to allocate 10% of the annual purchases of wheat to Saudi investors abroad, who are registered with the Ministry of Environment, Water and Agriculture, comes within their keenness to continue the development process and enable the private sector to fully carry out its national duty for the benefit of the nation and its people. He called on investors to officially register with the Ministry in preparation for the SAGO to issue special invitations to Saudi investors abroad according to the specifications of importing wheat.

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/29092020/sago-receives-the-first-vessel-of-wheat-produced-by-salic/