The Saudi Agricultural Investment and Livestock Production Company (SALIC), which is fully owned by the Public Investment Fund, announced on Tuesday that it has completed the supply of more than 1.2 million tons of strategic commodities in 2022.
According to a statement, SALIC said it directly supplied 720,000 tons of wheat, representing 20 percent of Saudi Arabia’s annual purchases, after winning the tenders put forward by the General Authority for Food Security within the framework of the program to encourage and support Saudi investors abroad as one of the programs to diversify the sources of wheat purchase to enhance food security in the Kingdom.
SALIC also announced that it indirectly supplied more than 300,000 tons of wheat, 120,000 tons of barley, 70,000 tons of soybeans, 12,000 tons of red meat, and 11,000 tons of rice, through its subsidiary companies in various continents.
In this context, Group CEO of SALIC, Eng. Sulaiman bin Abdulrahman Al-Rumaih, said: “We are proud to supply 30% of the Kingdom’s wheat needs through direct and indirect contracts, in addition to a number of other essential food commodities. These efforts contribute to the company’s goal of achieving national objectives for food security by providing strategic commodities from SALIC’s investments in countries with competitive advantages around the world.”
He added that one of the supply contracts for 60,000 tons of barley was a precedent in the field of local food security, as efforts between the government and private sectors have been integrated across all stages of the supply chain in line with the goals of Saudi Arabia’s Vision 2030 to ensure food security.
According to the statement, SALIC is moving forward to achieve its strategic goals to contribute to the Kingdom’s food security strategy by increasing its qualitative investments at the local and global levels.