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. Farrelly & Mitchell, which is based both in Dublin, Ireland and Riyadh, provide specialist agri-food advisory, M&A, technical and project implementation services.