Saudi Food Exports Grow by 60% in 4 Years
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RIYADH: Saudi food exports have grown by approximately 60 percent over the past four years, rising from SR13 billion ($3.4 billion) in 2021 to SR22 billion by the end of last year, according to Khalid Al-Shehri, vice president of the food sector at the National Industrial Development Center, who spoke to Al-Eqtisadiah newspaper.
He confirmed that the number of factories in the Saudi food industry has reached approximately 1,900, with the number of companies growing monthly. The size of the Saudi food industry is estimated at around SR200 billion, making it the second largest industrial sector in the Kingdom in terms of employment.
He explained that Saudi Arabia’s industrial sectors have grown in recent years since the launch of the National Industrial Strategy, attracting more than SR28 billion in new investments from both local and international companies. The strategy aims to attract investments worth SR78 billion by 2035.