The authority stated that this is part of the objectives of the national strategy for transport and logistics, which contributes to consolidating the Kingdom’s position as a global logistics centre and a linking hub for the three continents.
It also comes in line with the pillars of the National Industrial Development and Logistics Program NADLP, aligned with the Kingdom’s Vision 2030, according to the SPA report.
According to the investment contracts, the yearly quantity projected is to be around 2.8 million tonnes, while the corporation will invest roughly SR$370m in the two locations.
The project covers 30,000 square meters in Jizan port, and 60,000 square meters in Ras Al-Khair port, with a total storage area of one million tons.
The contract, extended for 20 years, includes the construction of 16 silos with a storage capacity for each silo of 15.000, a total capacity of 240.000 tons. A complete grain distribution and routing complex and a unique packaging facility will be established on the site.
According to the latest model, the contract also includes the provision of four unloading equipment installed on the quay with a capacity of 600 tons/ hour for each unit.
The initiative comes in line with the strategic objectives of the General Authority of Ports to raise the percentage of private sector participation in the ports sector to 90% by 2030.