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Saudi Arabia to start next phase of flour mill privatization

DUBAI, July 28 (Reuters) - Saudi Arabia's state grain buyer SAGO said on Sunday the next phase of the sale of its flour mills, when pre-qualified bidders would perform due diligence and present financial offers, would start on Wednesday.

Saudi SAGO accepted applications for pre-qualification in 2018 and has since selected potential bidders.

The sale of Saudi's flour milling sector is part of a wide-reaching overhaul of its economy and has drawn interest from some of the world's largest agribusiness firms.

SAGO did not name the pre-qualified bidders. (Reporting by Asma Alsharif and Maha El Dahan; Editing by Susan Fenton)