Area
Saudi Arabia
Commodity Group
Grains
Commodity
Barley, Maize and Wheat
Date
24/08/2020
Policy Category
Trade
Policy Instrument
Government market intervention
Description
Announced a SAR 412 million (USD 110 million) partnership between the National Shipping Company of Saudi Arabia and the Saudi Agricultural and Livestock Investment Company for the construction of a grain handling port on the Red Sea. The aim is to allow rapid handling of grains, support trade among the Black Sea, Europe, South America and Red Sea regions, and to provide an annual handling capacity at the port of around 3 million tonnes by the end of 2022.
