Saudi News

Shoura Approves Privatization of Flour Sector- the Price of Khubz Will Rise

Saudi Arabia’s supreme council Shoura approves privatization of flour sector.

Prior to privatization, the Shoura approved the new 29 article law by Monday.

The new regulation is to encourage setup new flour mills in the private sector and to encourage private investment in the sector.

The Shura Council members have expressed concern that the subsidy will be stopped by privatization and the price hike of khubz, the one of essential food commodity of common people will directly affect them.

 

 

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