Al Dahra has acquired a stake in Loulis Mills, a Greece-based flour milling pioneer with more than two hundred and thirty years of experience and history in the flour milling business. Loulis owns two modern harbor-side flour milling facilities at Volos and Piraeus and is considered as one of the largest players in Europe and the Balkan area. It has an annual wheat milling and flour production capacity of approximately 400,000 metric tons along with a total grain storage capacity of 80,000 tons. Its product offering includes more than 120 different final products, catered for a large and diversified consumer base.
The cooperation between Loulis and Al Dahra has opened new frontiers and generated significant growth opportunities to both parties. The partnership has hence facilitated Loulis trade into the GCC and the Middle East regions, predominantly considered as flour importing markets and has further allowed penetration into developing markets like Africa and Asia. Such markets account for about 85 percent of the annual global population growth, translating into a phenomenal growth in demand for basic commodities like flour. As a result of the partnership, Al Dahra has in turn gained access to a high-level cereals transit hub in Europe enabling it to channel its production from European countries such as Spain, Italy and Serbia into the Middle East. At the same time, Al Dahra has acquired the essential knowhow for designing and constructing cereal processing mills in the Middle East region.