30/10/2013

Irish Dairy Board To Invest €20m In Saudi Arabia

A €20 million state-of-the-art cheese manufacturing plant is to be established by the Irish Dairy Board in Saudi Arabia.

Alongside the development of the new manufacturing plant, the investment will secure a 75% interest in Al Wazeen Trading - a dairy import, sales and distribution business.

Saudi Arabia is the world's fifth largest dairy importer, and the board has said that the investment will strengthen its position in the market.

(MH/IT)

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