The announcement comes as Farrelly Mitchell’s Riyadh office hosts the Irish Minister for Agriculture at an Agri-Food Roundtable, convened for senior Irish and Saudi agri-food decision-makers. Farrelly Mitchell acted as advisors to Al Wazeen Trading, which has disposed of three-quarters of its shares to the Irish Dairy Board (IDB). The acquisition is central to the IDB’s strategy of establishing a manufacturing hub for its products in the Middle East and North Africa.
The Farrelly Mitchell Agri-Food Roundtable – hosted in association with Enterprise Ireland – outlines the many other opportunities that exist for agri-food investors in Ireland and the Kingdom of Saudi Arabia.
“Farrelly Mitchell welcomes Minister Simon Coveney’s timely visit to the region at this important juncture,” said Malachy Mitchell, managing director of Farrelly Mitchell. “Investors have an opportunity to build a solid business in the rapidly-growing GCC market.”
“Not only does this region provide a significant market for Irish dairy commodities, but the strategy to manufacture value-added products locally supports the Kingdom’s food security and water conservation initiatives,” he continued.
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