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Saudis interested in investing in Bulgaria

published on 1/12/23 1:41 PM

Photo: mi.government.bg

Saudi Arabia would like to invest in a joint venture in the dairy industry in Bulgaria. The milk will be processed in Bulgaria and the products will be exported to the Gulf. The idea was discussed at a meeting between Economy Minister Nikola Stoyanov and managers of one of the largest food companies in Saudi Arabia. The meeting was also attended by the president of the state-owned company LB Bulgaricum.

Currently, the Saudi company runs a farm with 190,000 cows - as many as are bred throughout Bulgaria. The project is expected to be implemented at a later stage. The Saudis are also interested in building an airport for cargo planes in the southwestern village of Uzundzhovo.

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Radio Bulgaria News airport dairy joint venture LB Bulgaricum Saudi Arabia Uzundzhovo

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