Saudi to put flour mills up for sale

Saudi Arabia's Grain Silos and Flour Mills Organization (GSFMO) has said the government is planning to sell 11 flour mills to three or four private investor groups, Reuters has reported. "We are eager to do this as soon as we can," he said, without setting an exact timeframe," GSFMO chairman, Fahad Balghunaim told the news service. The government will continue to control wheat imports in the meant time because it is a "strategic commodity", he said.

Posted on Wednesday, June 16-2010

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