In pursuit to achieve food security and sustainable development, the Al Rajhi International for Investment “RAII” signed a non-binding memorandum of understanding last Monday with the National Agricultural Development Company “NADEC”, OLAM International Limited and Abdul AL Aziz AL Ajlan & Sons Company for Commercial and Real Estate Investment, to form a consortium for the joint bid to acquire one flour mills out of two offered for privatization by the Saudi Grains Organization “SAGO” as a part of Saudi vision 2030 which aims to promote the utilization of the state-owned assets and improve its operational efficiency as well as attracting the local and foreign investments.
The MoU was already signed by the consortium parties.