Irish Dairy Board takes 75% slice of Saudi firm
Via its controlling interest in a cheese manufacturing plant at the Al Wazeen facility in Riyadh, the board has strengthened its position in the Saudi market and developed one strong outlet for the extra milk Ireland is set to produce when the EU abolishes its milk quota restrictions in Apr 2015.
IDB chief executive Kevin Lane said: “This represents a major route to market and value for Irish dairy in the post quota environment. This investment is strategically very important as it allows us to expand our business throughout the MENA [Middle East and North Africa] region.
