AreaSaudi Arabia

Commodity GroupGrains

CommodityBarley, Maize and Wheat

Date24/08/2020

Policy CategoryTrade

Policy InstrumentGovernment market intervention

DescriptionAnnounced 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.