Sunday 26 September 2021

A Saudi chocolate factory

Saudi sweets, chocolate investment at $9.3 billion

RIYADH, July 28, 2021

The investment in the sweets and chocolate industry in Saudi Arabia has reached SR35 billion ($9.3 billion) through 1,066 factories as of mid-July, the Ministry of Industry and Mineral Resources has revealed.
A report issued by the National Industrial Information Centre noted that the investment in sweets and chocolate factories constitutes 1.38% of the total investment volume in Saudi factories, pointing out that foreign investments in the sweets industry accounted for 3% of the total investments, while Saudi investors in the sector comprise 92%. The remaining 5% was distributed among joint capitals, an SPA report said.
The report showed that the Riyadh accounted for the highest share of factories with 377 factories that represent 35% of the total number of factories, followed by Makkah with 294 factories and Qassim Region with 133 factories.-- TradeArabia News Service


More Industry, Logistics & Shipping Stories

calendarCalendar of Events