Text size

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.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

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

More from category

Electricity price for households increases, hot water and central heating price falls

As of today, the price of electricity for household consumers will rise by an average of 1.7%, while the price of central heating and hot water will decrease by 8.5%, the Energy and Water Regulatory Commission said. The biggest increase in..

published on 7/1/24 7:05 AM

President Rumen Radev to hand the first government-forming mandate

Today, President Rumen Radev will hand over the first government-forming mandate to the candidate for Prime Minister nominated by the largest parliamentary group, GERB-SDS. Last week, Bulgaria’s head of state held consultations with the..

published on 7/1/24 6:05 AM

Patriarch Daniil: I accept the cross of the patriarchal ministry entrusted to me today

The enthronement of the newly elected Bulgarian Patriarch, Metropolitan Daniil of Vidin, is over. The new spiritual leader was welcomed in St. Alexander Nevsky Cathedral. The gathered laity chanted "Worthy" and applauded him. ''Conscious of my..

published on 6/30/24 6:30 PM