Why do business in Saudi Arabia?
Local food producers and manufacturers are enjoying a boom in Saudi and global firms are also benefiting from the outstanding potential. This is a secure country with a low cost exporting base, which is experiencing a significant rise in consumption.
Saudi Arabia is the only market in the Gulf region that can realistically provide investors with substantial long-term growth prospects.
SAUDI ARABIA IN FACTS
- Saudi Arabia is the biggest dairy consumer among GCC states, accounting for 60% of the market volume
- Saudi Arabia’s mass grocery retail (MGR) sector demonstrates growth of 66.6% with ongoing store launches across the core hypermarket and supermarket segments
- Domestic food consumption and grocery retail transactions are poised to increase by 9.75% and 11.7% accordingly by the end of this year