About Saudi Arabia


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 has the largest population in the GCC region and counts 29 million residents with an annual population growth rate of 3.3%. Over 50% of the population is under 25 years old, and the youth of KSA are particularly susceptible to Western consumer trends
  • Saudi Arabia is the biggest dairy consumer among GCC states, accounting for 60% of the market volume
$800 Million Food security initiative in the kingdom of Saudi Arabia, with $70 Billion food consumption and $35 Billion imports by 2020
  • Saudi Arabia’s mass grocery retail (MGR) sector demonstrates growth of 66.6% with ongoing store launches across the core hypermarket and supermarket segments
Food and agricultural imports account for 15% of all imports, and are worth US $17.3 billion, with growth by 76% by 2016, making KSA the largest market in the Gulf
  • Domestic food consumption and grocery retail transactions are poised to increase by 9.75% and 11.7% accordingly by the end of this year
$35 Billion imports by 2020 in Saudi Arabia, with over 15% of arabia's agri-food and seafood imports
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