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

Copyright 2021 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.