Saudi Arabia plans sale of some grain silos in 2021: report

03/05/2021 Argaam

Logo of Saudi Grains Organization

Saudi Arabia is planning to sell some of its grain silos in 2021, as part of its privatization drive, Bloomberg reported, citing people familiar with the matter.

 

Saudi Grains Organization (SAGO) will seek bids from foreign and local firms, the sources said, adding no decisions have been made with SAGO likely to retain the assets.

 

In April, the National Center for Privatization & PPP (NCP) and SAGO announced the privatization process for four flour mills, with winning bids generating SAR 5.77 billion.

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