Saudi Arabia's SALIC says looking at Black Sea grain terminal - Reuters:
Saudi Arabia’s SALIC is conducting due diligence on several projects in the Black Sea region and is looking to acquire a grain terminal there, its managing director told Reuters.
SALIC, the Saudi Agricultural and Livestock Investment Co, was formed in 2011 to secure food supplies for the desert kingdom, the world’s top oil exporter, through mass production and foreign investments.
“It is part of our mandate to give importance to logistics ... so we are looking at SALIC’s presence on that side in the form of a takeover or buying a grain terminal on the Black Sea,” Khaled al-Aboodi said on Sunday.
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