Saudi fund sets up new company to boost camel dairy industry ...Middle East

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RIYADH: The Saudi Public Investment Fund (PIF) announced on Thursday the establishment of Sawani Company to boost the kingdom’s camel dairy industry.The company aims to become a leading producer of camel dairy products, and “enable the growth of the Saudi camel farming industry and contribute to its sustainable development”, Xinhua quoted the Saudi Press Agency (SPA) report.The company will work with the private sector to boost the industry’s production and elevate the standards of the domestic production ecosystem by modernising operations, said the SPA.Majed Al-Assafsaid, head of consumer goods and retail in the MENA Investments Division at the PIF, said Saudi Arabia has extensive experien

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