GFSA Awards Second Tender to Saudi Investors Abroad

The General Food Security Authority (GFSA) has awarded its second tender for Saudi investors abroad in 2024 entailing 360,000 tons of wheat to the Saudi Agricultural and Livestock Investment Company (SALIC) and Al Rajhi International for Investment (RAII). GFSA Governor Eng. Ahmed Al-Faris said that the authority had finalized contracts for 360,000 tons of wheat distributed across six ships: two ships to Jeddah Islamic Port with a total of 120,000 tons, three to Yanbu Commercial Port with 180,000 tons, and one to King Abdul Aziz Port in Dammam with 60,000 tons. These deliveries are scheduled for the period from January to March 2025. The second tender was awarded to SALIC for 240,000 tons and to RAII for 120,000 tons. Al-Faris stressed that the partnership with Saudi investors abroad is part of plans to support strategic reserves and diversify wheat sources. The authority urged Saudi investors to take advantage of this initiative and apply for qualification in future tenders. Interested sides can review th e awarded prices through the authority s official website. The first tender for Saudi investors abroad was awarded in April this year to SALIC for 415,000 tons of wheat, scheduled for delivery between August and December 2024. Source: Saudi Press Agency