Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Saudi Arabia’s SAGO has sold parts of two of the four flour milling operations covered by their milling privatization program. The First Milling Company was sold to Raha Al Safi consortium for $540 million and the Third Milling Company to Alrajhi-Ghurair-Masafi consortium for $200 million. Most of the bidders were from the region. Iraq has purchased 3.56 MMT of local wheat and says that the total harvest will reach about 6 MMT which means that Iraq will have to import about 1 MMT of wheat in 2020. Egypt reports that 3.5 MMT of local wheat has been purchased by the Egyptian company for Silos and Storage. They add that the target of 3.6 MMT should be reached...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.