Saudi Arabia is in the government plan to expand the privatization program selling some grain silos, and Saudi Arabia is one of the largest wheat and barley buyers in the world.
According to Arab Net, the Saudi Public Corporation, to start selling positions as soon as this year, according to persons familiar with the matter.
The sources said that the Public Corporation will seek offers from foreign and domestic companies. They said no decisions had been taken and the institution could retain assets, according to Bloomberg, and Arabic.
The Saudi Public Corporation, a major part of privatization plans in the Kingdom. Last year, all flour mills sold two local and international investors by about $ 1.5 billion, as the HSBC Holdings PLC has advised government on all these transactions.
According to its website, the General Organization has a storage area of 3.3 million tons. Saudi Arabia, with China is competing for barley, buying about 6.9 million tons per year.
Grain is mostly used to feed sheep, camels and goats. It also shipped about 3 million tons of wheat annually.
