SALIC considers setting up regional oil storage center in Saudi Arabia: CEO

26/08/2022 Argaam
SALIC CEO Sulaiman Al-Rumaih

SALIC CEO Sulaiman Al-Rumaih

Saudi Agricultural and Livestock Investment Co. (SALIC) is working with the private sector in the Kingdom to study the establishment of a regional oil storage center on the West Coast, said CEO Sulaiman Al-Rumaih.

 

The statement came during the Saudi-Malaysian private sector meeting to discuss aspects of cooperation and investment opportunities in the field of food security.

 

Al-Rumaih said this is an opportunity for Malaysia to benefit from the center in the distribution of Malaysian oils in the region.

 

During the meeting, several topics were discussed, such as food security, as well as production and transportation of palm oils, fish and grains.

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