Saudi Mawani awards 20-year contract for silos at $98.6m

Saudi Ports Authority (Mawani) announced the launch of a new shipping service from Jeddah Islamic Port earlier this year. (Supplied)
Saudi Ports Authority (Mawani) announced the launch of a new shipping service from Jeddah Islamic Port earlier this year. (Supplied)
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Updated 14 July 2021

Saudi Mawani awards 20-year contract for silos at $98.6m

Saudi Ports Authority (Mawani) announced the launch of a new shipping service from Jeddah Islamic Port earlier this year. (Supplied)
  • Mawani has already announced investment opportunities in partnership with the private sector to develop and operate multi-purpose terminals

RIYADH: Saudi ports authority Mawani signed a 20-year contract with United Feed Company (UFC) to establish silos to handle 2,880,000 tons of grain at Jazan and Ras Al-Khair ports

It includes establishing 16 silos with a total storage capacity of 240,000 tons, and constructing an entire complex to distribute grains and a packaging facility, Mawani said in a filing on Wednesday.

It represents a total investment of SR370 million by UFC ($98.6 million), according to the statement.

Mawani has already announced investment opportunities in partnership with the private sector to develop and operate multi-purpose terminals in eight of the nation’s ports — covering areas such as general bulk and RoRo cargo.