Saudi Arabia: Saudi Arabia Privatizes Flour Mills

  |   Attaché Report (GAIN)

Saudi Arabia’s Council of Ministers took a decision on November 9, 2015 to restructure the Grain Silos and Flour Mills Organization (GSFMO) under a new name, the General Organization for Grains (GOG). The Council of Ministers’ decision will authorize the Public Investment Fund of the Ministry of Finance to re-group nine existing flour mills into four companies to be later on sold to interested private sector buyers through a competitive bidding process. Foreign investors will be allowed to compete with Saudi investors to own and operate these flour mills. The new milling companies will serve as clients of the GOG to process and distribute wheat flour for fees to their government approved customers at agreed subsidized prices. The nine flour mills have a combined daily milling capacity of 12,630 metric tons of wheat and currently process about 3.3 million metric tons of wheat annually. 

Saudi Arabia: Saudi Arabia Privatizes Flour Mills

Related Reports

Attaché Report (GAIN)

Eswatini: Sugar Annual

Eswatini sugar cane production in MY 2023/24 was affected by unfavorable climatic conditions and proliferation of the yellow aphid leaf. This affected cane production and quality resulting to the season ending earlier than normal.
Attaché Report (GAIN)

Australia: Sugar Annual

Australia’s sugar production is forecast to increase to 4.2 million metric tons (MMT) in marketing year (MY) 2024/25 from an estimated 4.1 MMT in MY 2023/24. This increase is due to an expected rise in sugar cane crush to 30.5 MMT in MY 2024/25, from an estimate of 29.8 MMT in the previous year.
FAS/San José anticipates Costa Rica's Ministry of Foreign Trade to allocate 2024 Dominican Republic - Central America Free Trade Agreement rice quota allocations by the end of April, effectively constraining the availability of U.S. duty-free rice to the final eight months of 2024. Though Costa Rica typically allocates quota volumes in December of the preceding year, calculations of 2024 volumes have been contested by importers following an extraordinary process resulting from a 2022 cyber attack.